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Check with CAFTAlaw.net for the most recent
DR-CAFTA news. If you find some news we have not written about and feel we
need an article feel free to write something up and send it to us.
Most Recent News:
The According to the USTR, the US has been intensively working with Central
America Free Trade Agreement parnters in order to implement the DR-CAFTA. The
USTR stated that the US will implement the DR-CAFTA on a rolling basis as
partner countries make enough progress enabeling them to fulfill the
commitments of the agreement. The USTR explained that several countreis are
close to being ready to implement needed procedures, but that none has
completed all needed procedures. At the present time, El Salvador looks like
the country closest to implementation. Its Congress passed a legislative
package on December 15, 2005 to implement the DR-CAFTA. The USTR added that
"the United States will continue to work intensively with CAFTA-Dr partners to
bring them on board as quickly as possible." The USTR, however, limited its
statement by stating that the implementation process should not be rushed,
because doing so could jeapordize the benefits of the DR-CAFTA to farmers,
workers, businesses and consumers in the United States and its DR-CAFTA
partners. In the interim, CAFTA member countries will still enjoy all existing
trade preferences. CAFTAlaw.net- 1/4/2006
The US wants to implement the Central American Free Trade Agreement (CAFTA)
that includes the US and the Dominican Republic as soon as possible. While
Costa Rica has yet to ratify the agreement, the six other signatories-- the
Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua--have
ratified the CAFTA and are at differing stages of putting the requisite laws
and regulations into place. The USTR's office claims that the US is ready for
the agreement to take effect in early 2006, but that it will only do so with
countries that have made sufficient progress in adopting new laws and
regulations where necessary. The USTR stated that the US will move forward as
long as at least one country is prepared, and will accommodate the others as
they become ready. CAFTAlaw.net 12-18-2005
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