A free-trade agreement among Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the U.S. is known as the Central American Free Trade Agreement. Its strategy is to open new markets for all member countries and to raise tariffs among participating nations.

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The Central American Free Trade Agreement (CAFTA) was passed in 2005, among several Central American countries. One of its goals was to lower tariffs among participating nations and to open new market opportunities for all. The United States withdrew from CAFTA after public support faltered over fears of more job losses.

A Free-Trade Agreement Among Costa Rica, the Dominican Republic, El