Publication:
Dominican Republic, Central American Free Trade Agreement (DR-CAFTA) : Challenges and Opportunities for Central America

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-18T20:46:58Z
dc.date.available2012-06-18T20:46:58Z
dc.date.issued2005-12
dc.description.abstractThis report provides a preliminary assessment of DR-CAFTA (the , with particular attention to three key themes: (1) expected trade and non-trade benefits, (2) actions that Central American countries need to pursue to capitalize optimally on the new opportunities, and (3) identification of the population groups that may require assistance to adapt to a more competitive environment. The report focuses on the developing countries of Central America, namely Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. The analysis presented in the report shows that the vast majority of the population in Central America is likely to experience welfare gains from implementation of DR-CAFTA, even in the short run. At the same time, the removal of trade barriers in sensitive agricultural crops could adversely affect a small share of the population living in rural areas in Central America. Although provisions in DR-CAFTA will allow for long timetables in reducing tariffs for the most sensitive products, appropriate support programs may need to be designed. In addition, selective investments in education, rural infrastructure, rural finance, and technical assistance will be required to ensure that the rural poor have the means to take full advantage of the new opportunities arising out of DR-CAFTA. Chapter 1 of the report reviews the main findings of the chapters in the order in which they appear. Chapter 2 places DR-CAFTA in the historical context of the economic reforms that Central American countries have been undertaking since the late 1980s. Chapter 3 provides a summary overview of the recently negotiated DR-CAFTA, with special attention on the extent to which the agreement's provisions would significantly change market access for Central American goods and services, and also on how far they could be expected to consolidate prior reforms. Chapter 4 reviews various analyses that assess the potential impacts of DR-CAFTA on the developing countries of Central America. Chapter 5 focuses on the identification and quantification of potentially affected populations from the easing of trade restrictions in sensitive agricultural products, and analyzes policy options to assist vulnerable groups. Chapter 6 reviews evidence related to key macroeconomic implications of DR-CAFTA, namely the potential revenue losses that might be produced by the removal of import taxes and the treaty's potential effect on the patterns of business-cycle synchronization. Chapter 7 reviews evidence from each Central American country in the areas of trade facilitation, institutional and regulatory reforms, and innovation and education, in order to identify key priorities for the complementary agenda for DR-CAFTA.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/12/6489025/dominican-republic-central-american-free-trade-agreement-dr-cafta-challenges-opportunities-central-america
dc.identifier.doi10.1596/8358
dc.identifier.urihttps://hdl.handle.net/10986/8358
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO SERVICE MARKETS
dc.subjectACCORDS
dc.subjectADVERSE IMPACTS
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURE
dc.subjectAPPAREL
dc.subjectAPPAREL EXPORT
dc.subjectAPPAREL INDUSTRIES
dc.subjectAPPAREL TRADE
dc.subjectBILATERAL TRADE
dc.subjectBILATERAL TRADE AGREEMENTS
dc.subjectBOVINE MEAT
dc.subjectBUSINESS CYCLE
dc.subjectBUSINESS CYCLE SYNCHRONIZATION
dc.subjectBUSINESS CYCLES
dc.subjectCAPACITY BUILDING
dc.subjectCENTRAL AMERICA
dc.subjectCIVIL SOCIETY
dc.subjectCOMMODITY PRICES
dc.subjectCOMMON MARKET
dc.subjectCOMPETITIVE ENVIRONMENT
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMERS
dc.subjectCUSTOMS
dc.subjectCUSTOMS UNION
dc.subjectDEBT
dc.subjectDISPUTE SETTLEMENT
dc.subjectDOMESTIC LEGISLATION
dc.subjectDOMESTIC PRICES
dc.subjectDOMESTIC REFORMS
dc.subjectDONOR AGENCIES
dc.subjectDOUBLE TAXATION
dc.subjectDOUBLE TAXATION TREATIES
dc.subjectDYNAMIC EFFECTS
dc.subjectDYNAMIC GAINS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC VALUE
dc.subjectELIMINATING TARIFFS
dc.subjectEXPORT GROWTH
dc.subjectEXPORT PRODUCTS
dc.subjectEXPORT PROMOTION
dc.subjectEXPORT PROSPECTS
dc.subjectEXPORT VOLUMES
dc.subjectEXPORTS
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SERVICES
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFOSTERING TRADE
dc.subjectFREE ACCESS
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectFREE TRADE AGREEMENTS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGOVERNMENT REGULATIONS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHARMONIZATION
dc.subjectHUMAN CAPITAL
dc.subjectIMPORT TAXES
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME LOSSES
dc.subjectINCOME TAXES
dc.subjectINCREASING TRADE
dc.subjectINDUSTRY TRADE
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTELLECTUAL PROPERTY RIGHTS
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRANSPORT
dc.subjectINTRAINDUSTRY TRADE
dc.subjectINVESTMENT LEVELS
dc.subjectINVESTMENT PROTECTION
dc.subjectLABOR MARKETS
dc.subjectLABOR REGULATIONS
dc.subjectLIVING STANDARDS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC POLICY COORDINATION
dc.subjectMARKET ACCESS
dc.subjectMOST FAVORED NATION
dc.subjectNATIONAL INNOVATION SYSTEM
dc.subjectNON-TARIFF BARRIERS
dc.subjectPARTIAL EQUILIBRIUM ANALYSES
dc.subjectPOLICY MAKERS
dc.subjectPOLICY PRIORITIES
dc.subjectPOLITICAL CONDITIONS
dc.subjectPOLITICAL FACTORS
dc.subjectPOSITIVE EFFECTS
dc.subjectPREFERENTIAL MARKET ACCESS
dc.subjectPREFERENTIAL TREATMENT
dc.subjectPRELIMINARY ASSESSMENT
dc.subjectPRICE CHANGES
dc.subjectPROTECTION LEVELS
dc.subjectPROTECTIONS
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC SECTOR
dc.subjectQUOTAS
dc.subjectRECIPROCAL ACCESS
dc.subjectRECIPROCITY
dc.subjectREDUCING PROTECTION
dc.subjectREDUCING TARIFFS
dc.subjectREGIONAL AGREEMENTS
dc.subjectREGIONAL COORDINATION
dc.subjectREGIONAL INTEGRATION
dc.subjectREGIONAL INTEGRATION EFFORTS
dc.subjectREGIONAL TRADE
dc.subjectREGIONAL TRADE INTEGRATION
dc.subjectREGULATIONS
dc.subjectREGULATORY REFORMS
dc.subjectREMOVING BARRIERS
dc.subjectREMOVING TRADE BARRIERS
dc.subjectSAFEGUARD MEASURES
dc.subjectSPECIAL SAFEGUARD
dc.subjectSTATIC ANALYSES
dc.subjectSTATIC GAINS
dc.subjectTARIFF BARRIERS
dc.subjectTARIFF REDUCTIONS
dc.subjectTARIFF-FREE ACCESS
dc.subjectTAX POLICY
dc.subjectTAX REVENUE
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE
dc.subjectTRADE AGREEMENT
dc.subjectTRADE AREA
dc.subjectTRADE BARRIERS
dc.subjectTRADE CAPACITY
dc.subjectTRADE DIVERSIFICATION
dc.subjectTRADE EXPANSION
dc.subjectTRADE FACILITATION
dc.subjectTRADE FLOWS
dc.subjectTRADE IN SERVICES
dc.subjectTRADE INTEGRATION
dc.subjectTRADE INTENSITY
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE MORE
dc.subjectTRADE OPENNESS
dc.subjectTRADE POLICIES
dc.subjectTRADE POLICY
dc.subjectTRADE PREFERENCE
dc.subjectTRADE PREFERENCES
dc.subjectTRADE PROTECTION
dc.subjectTRADE REFORMS
dc.subjectTRADE RESTRICTIONS
dc.subjectTRADE STRUCTURE
dc.subjectTRADING PARTNER
dc.subjectTRANSITION PERIODS
dc.subjectTRANSPORT COSTS
dc.subjectTREATIES
dc.subjectUNILATERAL EFFORTS
dc.subjectUNILATERAL PREFERENCES
dc.subjectUNILATERAL TRADE
dc.subjectUNILATERAL TRADE REFORMS
dc.subjectUNSKILLED LABOR
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.subjectWELFARE GAINS
dc.subjectWELFARE IMPACTS
dc.subjectWELFARE LOSSES
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.subjectZERO TARIFFS
dc.titleDominican Republic, Central American Free Trade Agreement (DR-CAFTA) : Challenges and Opportunities for Central Americaen
dspace.entity.typePublication
okr.date.disclosure2001-12-23
okr.date.doiregistration2025-05-07T12:16:50.683458Z
okr.doctypeEconomic & Sector Work::Foreign Trade, FDI, and Capital Flows Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2005/12/6489025/dominican-republic-central-american-free-trade-agreement-dr-cafta-challenges-opportunities-central-america
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeTrade and Competitiveness
okr.guid515841468011104087
okr.identifier.externaldocumentum000160016_20051220132842
okr.identifier.internaldocumentum6489025
okr.identifier.report32288
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/12/20/000160016_20051220132842/Rendered/PDF/322880LAC.pdfen
okr.region.administrativeLatin America & Caribbean
okr.sectorOther domestic and international trade
okr.sectorIndustry and trade
okr.topicInternational Economics and Trade::Trade Policy
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicEconomic Theory and Research
okr.topicLaw and Development::Trade Law
okr.topicInternational Economics and Trade::Free Trade
okr.topicInternational Economics and Trade
okr.topicMacroeconomics and Economic Growth
okr.unitEconomic Policy Sector (LCSPE)
okr.volume1 of 1
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