What Is The Central American Free Trade Agreement Quizlet

The Dominican Republic-Central America Free Trade Agreement (DR-CEFTA) is the first free trade agreement between the United States and a group of small developing countries: our Central American neighbors, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic. THE DR-CEFTA promotes stronger trade and investment relations, prosperity and stability throughout the region and along our southern border. CAFTA-DR strengthens the rights and conditions of workers in the region by enforcing the occupational health and safety to which its employees are entitled under the national laws of the countries. This also applies to the first industrial action under a free trade agreement to ensure that Guatemalan workers can exercise their rights under Guatemalan law. We remain committed to helping Guatemala achieve this result and reaping the benefits of law enforcement to uphold internationally recognized labour rights. Opposition groups argued that the general rules imposed by NAFTA could undermine local governments by preventing them from passing laws or regulations to protect the public interest. Critics also argued that the treaty would lead to a significant deterioration in environmental and health standards, promote the privatization and deregulation of key public services, and displace family farmers in signatory countries. “The USMCA will provide our workers, farmers, ranchers and businesses with a high-level trade agreement that will lead to freer markets, fairer trade and robust economic growth in our region. It will empower the middle class and create good, well-paying jobs and new opportunities for nearly half a billion people in North America. Ten years ago, the U.S. office…

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