Central American Free Trade Agreement, known as CAFTA or DR-CAFTA. Free trade group that includes the United States, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua. Signed in May 2004. Entered into force gradually in different countries, starting with the United States in January 2006. So far, implemented in El Salvador, Honduras and Nicaragua. Guatemala and the Dominican republic are expected to implement the treaty by July 2006 and Costa Rica is still awaiting ratification in its congress.
a "free" trade agreement that includes the United States, El Salvador, Nicaragua, Guatemala, Honduras and Costa Rica