Asked by Melissa Brown on Apr 25, 2024
The agreement between the U.S. ,the Dominican Republic and five small Central American countries that will eventually eliminate tariffs among all seven nations is called
A) NAFTA.
B) CAFTA.
C) Mercosur.
D) GATT.
CAFTA
The Central American Free Trade Agreement, a trade agreement between the United States and Central American countries to reduce trade barriers.
Tariffs
Taxes imposed by a government on imported goods, often used to protect domestic industries from foreign competition.
- Comprehend the goals and effects of regional trade agreements like NAFTA and CAFTA.
Learning Objectives
- Comprehend the goals and effects of regional trade agreements like NAFTA and CAFTA.