The agreement between the U.S. ,the Dominican Republic and five small Central American countries that will eventually eliminate tariffs among all seven nations is called
A)NAFTA.
B)CAFTA.
C)Mercosur.
D)GATT.

Question

Quizplus · Accepted Answer

The correct agreement that involves the U.S., the Dominican Republic, and five small Central American countries is CAFTA (Central America Free Trade Agreement). NAFTA (North American Free Trade Agreement) involves the U.S., Canada, and Mexico, while Mercosur is a trading bloc in South America. GATT (General Agreement on Tariffs and Trade) was a multilateral agreement that aimed to reduce trade barriers between member countries. However, it was replaced by the World Trade Organization (WTO) in 1995.

The Agreement Between the U