The Central America Free Trade Agreement (CAFTA) is an important economic agreement that encompasses several countries in the Americas. The agreement aims to promote free trade among the countries involved and strengthen economic ties between them. However, not all countries in the region are part of CAFTA. In this article, we will discuss the countries included in the agreement and which countries are not part of it.
CAFTA was signed in 2004 between the United States and several countries in Central America, including Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic. The agreement was designed to eliminate trade barriers and promote economic growth among the participating countries. The agreement has since been expanded to include other areas, such as labor rights and intellectual property.
CAFTA has been a controversial agreement since its inception, with opponents arguing that it benefits large corporations and hurts smaller businesses and workers. However, supporters of the agreement point to the economic benefits of free trade and the potential for increased prosperity in the region.
While several countries in Central America are part of CAFTA, there are notable exceptions. Belize and Panama, for example, are not part of the agreement. Belize, which is located in the northeastern part of Central America, is not part of CAFTA due to its small size and limited economic activity. Panama, on the other hand, has its own trade agreement with the United States and has chosen not to be part of CAFTA.
To summarize, the countries included in the Central America Free Trade Agreement are Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic. Belize and Panama are not part of the agreement. While CAFTA has its supporters and detractors, it remains an important economic agreement in the Americas and has had a significant impact on trade and commerce in the region.