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What industries are harmed from CAFTA-DR?

Which U.S. industries will be most affected by the agreement? Sugar. U.S. sugar producers say CAFTA will result in an influx of cheap sugar from Central America and shift jobs overseas from an industry that employs more than 300,000 U.S. workers. Textiles. Agriculture.

Is Dominican Republic part of CAFTA?

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.

What is the free trade agreement between Central America and the Dominican Republic?

The CAFTA-DR promotes stronger trade and investment ties, prosperity, and stability throughout the region and along our Southern border. Trade under CAFTA-DR supports Made-in-America jobs and unlocks opportunities for well-paying work as goods flow across borders and are manufactured into final products.

What is the free trade agreement between the U.S. and Central America?

The CAFTA-DR constitutes the first free trade agreement between the United States and a small group of developing countries. It was created with the purpose of creating new and better economic opportunities by opening markets, eliminating tariffs, reducing barriers to services, and more.

Does the US trade with the Dominican Republic?

Dominican Republic Trade Summary U.S. total goods trade with Dominican Republic were an estimated $20.6 billion in 2024. U.S. goods exports to Dominican Republic in 2024 were $13.1 billion, up 0.6 percent ($72.9 million) from 2023.