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The agreement eliminated most tariffs and many non-tariff barriers to trade between the U.S., five of the seven nations in Central America (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua), and the Dominican Republic, an island nation in the Caribbean.
(B)The term CAFTADR certification of origin means the certification established under article 4.16 of the Dominican Republic-Central America-United States Free Trade Agreement that a good qualifies as an originating good under such Agreement.
Essentially, the two only have one key difference, in addition to a differing year of signing. The NAFTA was a trilateral guideline-based trade agreement signed in 1994 by North America, Canada, and Mexico. The CAFTA is a treaty signed in 2004 by the US and other Central American nations.
The Dominican Republic-Central America FTA (CAFTA-DR) is the first free trade agreement between the United States and a group of smaller developing economies: our Central American neighbors Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, as well as the Dominican Republic.
The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) is composed of the United States and Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua.