Economy

April 9, 2011

Nicaragua is unlikely winner in free trade pact with U.S.

The United States free-trade agreement with Central America and the Dominican Republic (CAFTA-DR) celebrated its fifth anniversary this week with American officials hailing the pact’s exemplary success in Nicaragua — a country governed by a self-declared socialist who often rails against the evils of “savage capitalism” but Nicaragua has benefited from CAFTA like no other signatory.

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