The US Treasury proposes additional tariffs of up to 100% on Nicaragua

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The US Treasury proposes additional tariffs of up to 100% on Nicaragua

  • proposes restricting CAFTA-DR benefits to Nicaragua
  • Nicaragua actions burden or restrict US Commerce

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You are maybe asking what CAFTA-DR is … if so, read on!

CAFTA-DR stands for the Dominican Republic-Central America Free Trade Agreement. It is a free trade agreement (FTA) between the United States and a group of six countries:

  • Costa Rica

  • El Salvador

  • Guatemala

  • Honduras

  • Nicaragua

  • The Dominican Republic

The agreement, which went into effect for Nicaragua in April 2006, was designed to eliminate tariffs, reduce trade barriers, and create a more integrated and stable economic environment.