Prepared by Jean-Francois Dauphin.
In addition, on February 18, 2005, members signed an Environmental Cooperation Agreement and an Understanding Regarding the Establishment of a Secretariat for Environmental Matters under the CAFTA-DR, with a view to establishing a framework for cooperation in environmental protection.
Nicaragua’s National Assembly approved the Treaty on October 10, 2005.
Maquilas are factories where imported inputs are assembled into final or semi-final goods that are themselves exported.
Source: U.S. Department of Commerce, Bureau of Economic Analysis, in Kose, Rebucci, and Schipke (2005). Data is not reconciled with the balance of payment data from the Central Bank of Nicaragua.
Kose, Rebucci, and Schipke (2005) is the main source for this section. References to studies cited here can be found at the end of the section.