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Which Of The Following Is The Aim Of The Central American Free Trade Agreement

· Imposes both legal and actual damages in the event of copyright infringement and infringement. This is a deterrent against piracy and ensures that criminal damage can be awarded even when it is difficult to attribute monetary value to counterfeiting. · This year, in response to the needs identified by Central American countries, the U.S. government provided more than $61 million in Trade Capacity Building Assistance (CBT). Since the beginning of the negotiations, the Inter-American Development Bank has approved more than $320 million for CAFTA-related transactions. · According to the U.S. Trade Promotion Authority, the agreement builds on U.S. legal principles and practices to give U.S. investors in Central American countries a fundamental set of physical protections currently enjoyed by Central American investors under the U.S. legal system. · Private and non-governmental organizations have joined efforts to develop business capacity. The Humane Society of the United States (HSUS) has developed a partnership with the CAFTA Alliance to promote environmentally and human-friendly agricultural programs, as well as the protection of wildlife and habitats.

The city of New Orleans and the State of Louisiana worked with local universities and entrepreneurs to create “Idea Village International,” an entrepreneur training institute in Central America. · More than half of current U.S. agricultural exports to Central America are immediately exempt from tariffs, including high-quality reductions in beef, cotton, wheat, soybeans, important fruits and vegetables, processed foods and wine, among others. · Requires a dispute resolution system for trademarks that are used in Internet domain names, which is important to prevent “cyber-squatting” in terms of high-quality domain names. · An innovative enforcement mechanism includes monetary sanctions to enforce trade, labour and environmental obligations in the trade agreement. CAFTA-DR strengthens the rights and conditions of workers in the region by imposing the protection of the work to which their workers are entitled under the national laws of the federal states. These include the first conflict under a free trade agreement to ensure that Guatemalan workers can exercise their rights under Guatemalan law. We remain committed to helping Guatemala achieve this and achieve the benefits that flow from the application of the internationally recognized Workers` Rights Act.

The new agreement aims to promote sustainable development and deepen its process of regional integration. This closer economic integration between the countries of the Central American region is important to attract investment in the region and help local businesses develop the strength of their regional market in order to be internationally competitive. · The emphasis is on promoting compliance through consultations, joint action plans and trade-enhancing remedies. In all categories of intellectual property rights (IPRs), U.S. companies are treated in at least the same way as Central American companies, and the agreement makes a number of significant improvements in the protection of intellectual property rights. Chapter 11 establishes a joint committee to oversee, manage and oversee the implementation of the agreement.