The Central America Free Trade Agreement (CAFTA) is an expansion of NAFTA to five Central American nations (Guatemala, El Salvador, Honduras, Costa Rica and Nicaragua), and the Dominican Republic. It was signed May 28, 2004, and passed through the U.S. House of Representatives by one vote in the middle of the night by the U.S. Congress on July 27, 2005. Visit our CAFTA Damage Report to see Public Citizen's analysis of some of the most unfortunate "Yes" votes that helped pass CAFTA.
CAFTA is based on the same failed neoliberal NAFTA model, which has caused the "race to the bottom" in labor and environmental standards and promotes privatization and deregulation of key public services.
For the latest updates on CAFTA, please see the relevant section of our blog, Eyes on Trade.