Nicaragua and DR-CAFTA

Nicaragua is one of the countries which has benefited the most from the Free Trade Agreement.

Thursday, April 7, 2011

Robert Callahan, U.S. Ambassador in Nicaragua, added that the Central American country currently has a positive trade balance of $1.078 with the U.S.

Additionally, exports to the North American country have increased 71% in the past five years, from $1.170 million in 2005 to $2.012 million in 2010.

To gain more from the treaty, Nicaragua needs more financing, specially for small and medium companies, argued Alvaro Baltodano, Investment Delegate for the President.

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More on this topic

Guatemala, 5 Years after CAFTA-RD

June 2010

Exports have grown a mild 3.4%, with agricultural goods leading the way; Guatemala’s trade balance with the U.S. remains negative.

It is possible that the U.S economic crisis prevented the treaty from producing better results for Central American nations, but it is also probable that it helped soften the negative economic effects of said crisis.

FTA drives growth in Guatemala

September 2008

The free trade agreements with the United States have contributed to the economic growth of partner countries, said the American ambassador to Guatemala, Stephen McFarland.

McFarland explained that the export of Guatemalan products to the American market have increased 13%, from $963 million in 2006 to $1.1 billion in 2007.

The Benefits of CAFTA for Nicaragua

May 2012

Nicaragua now has a surplus of $1 billion and trade with the country has grown by 75% in six years, thanks to the DR-CAFTA, overtaking Guatemala and the rest of the region.

Six years after coming into force and following record levels of growth in trade and investment, Nicaragua has become the region’s unlikely poster child for DR-CAFTA.

Trade with US up by 20 percent in two years of Cafta

July 2008

Trade in some of the countries involved has grown by 20 percent since the introduction two years ago of the Cafta accord between the United States and Central America and the Dominican Republic, according to US Department of Trade figures.

The Cafta countries – excluding Costa Rica, which las a latecomer to the pact – by the end of last year had registered exports of US18.75 billion to the United States, while recording imports of close on US$22.41 billion.

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