Script from the WBAP-TV/NBC station in Fort Worth, Texas, relating a news story.

Script from the WBAP-TV/NBC station in Fort Worth, Texas, relating a news story.

On August 2, 2005, President Bush signed into law the bill to implement the Dominican Republic-Central American Free Trade Agreement, or DR-CAFTA (P.L. 109-53, H.R. 3045). In DR-CAFTA, the United States and six countries will completely phase out tariffs and quotas — the primary means of border protection — on all but four agricultural commodities traded between them in stages up to 20 years. The four exempted products are as follows: for the United States, sugar; for Costa Rica, fresh onions and fresh potatoes; and for the four other Central American countries, white corn. DR-CAFTA’s provisions, once fully implemented, are expected to result in trade gains, though small, for the U.S. agricultural sector. This report describes this agreement in detail, as well as the stances of both supporters and detractors.