Asked by
Kevin Tatlonghari
on Nov 03, 2024Verified
U.S.sugar producers welcomed the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR)because relaxed trade rules with Central America drove prices higher.
Central America-Dominican Republic Free Trade Agreement (CAFTA-DR)
A free trade agreement aimed at creating economic growth and facilitating trade between the United States, Central America, and the Dominican Republic.
U.S. Sugar Producers
Companies or entities involved in the cultivation, processing, and selling of sugar within the United States.
Relaxed Trade Rules
Eased regulatory provisions governing international trade, intended to simplify the process of buying and selling goods across borders.
- Explain the roles and varieties of tariffs and their influence on trade activities.
Verified Answer
IG
Learning Objectives
- Explain the roles and varieties of tariffs and their influence on trade activities.