DR1 Daily News - Dominican Republic

On occasion of the traditional Thanksgiving Day luncheon at the American Chamber of Commerce, the US Embassy Charge d’Affaires Patricia Aguilera spoke and gave a wrap-up of what the DR-CAFTA, the Dominican Republic-Central America Free Trade Agreement has meant for the US-DR relationship.

Signed in 2004, Aguilera says the agreement has cemented the long-shared robust economic bonds between both countries.

Twenty years later, the agreement continues to yield significant benefits for both nations. Aguilera highlighted the DR-CAFTA has been instrumental in tripling the Dominican Republic’s economic growth compared to the regional average.

“Since DR-CAFTA came into effect, three million Dominicans have been lifted out of poverty, and the middle class has expanded significantly,” said Aguilera. “This is a testament to the power of free trade and sound economic policies.”

Aguilera attributed the...