Regional Integration: Promoting Global Business

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Issue:

Business

 

Written by:

Carolyn R

 

Date added:

February 17, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1041

 

Was viewed:

2333 times

 

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Essay content:

In March 2006, DR-CAFTA entered into force for El Salvador. Honduras and Nicaragua followed one month later, and Guatemala in July. The Dominican Republic Senate has already approved the agreement and is expected to pass it soon after the Dominican administration adopts the implementation requirements from Washington for its entering into force (Chamber of Commerce, 2007)...
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The agreement will eliminate 80% of tariffs on U.S. goods exported to these regions. Even though these countries are small, they represent big consumer markets. Central America and the Dominican Republic heads the second largest U.S. export market in Latin America, closely trailing Mexico. The rest of the tariffs will be phased out over the next decade...
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