خانه / Which Country Is Not A Party To The Central American Free Trade Agreement

Which Country Is Not A Party To The Central American Free Trade Agreement

Along with the Dominican Republic, the trade group`s largest economy, the region covered by the ALEAC-DR is the second largest Latin American export market for U.S. producers, behind Mexico, which bought goods worth $29 billion in 2015. Two-way trade amounted to about $50 billion in the same year. Sugar was the most controversial agricultural problem to solve, and U.S. sugar producers and processors were vehement opponents of the deal until the end. The United States has agreed to a slight increase in the number of sugar quotas for the six countries. Sugar and sugar products imported under the U.S. quota system enter the U.S. duty-free, but exports beyond the quota are subject to prohibitive tariffs. Raw sugar receives the largest quota by volume, 28% of the total U.S. sugar quota for the world was filled by the CEFTA-DR countries in 2003 and was an important issue for this agreement.

== The market accounts for only 14% of the region`s sugar exports, which accounts for less than 10% of the region`s sugar production.38 CAFTA-DR lowers tariffs, but each CAFTA country sets its overall tax level. In addition, on textiles and clothing issues, the following measures have been promised: (1) changes to rules of origin to require that all bags and linings come from CEFTA-DR countries (not from third countries such as China); (2) negotiate with Mexico a new, stricter agreement on the application of customs duties authorizing the use of Mexican inputs in the textile and clothing products of the DR-CEFTA before the entry into force of the cumulation rules of the DR-CEFTA; and (3) require Nicaragua to increase the use of U.S. fabrics to be considered duty-free within their preferential tariff levels. Finally, there were two major negotiating challenges. The first was the need for better integration of Central America within the framework of the CEFTA-DR, which has always been hampered. . . .

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