International Trade Law News

Yesterday, by a vote of 118 to 4, the Dominican Republic's Chamber of Deputies approved the U.S.-Central America-Dominican Republic Free Trade Agreement (CAFTA-DR). The Dominican Republic, El Salvador, Guatemala, Honduras and the U.S. have now approved CAFTA-DR. Nicaragua and Costa Rica, the other two signatory countries, have not approved the agreement to date. The U.S. will be coordinating the implementation of the free trade agreement with signatory countries in the next few weeks.