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Events on Tuesday 2 August 2005 1
2005CAFTA-DR signed into US lawCentral America free trade agreement takes effectPresident George W. Bush signed the Dominican Republic-Central America Free Trade Agreement into US law on 2 August 2005, extending free trade to Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic. The agreement reduced tariffs and expanded market access between the signatory nations and the United States. It sparked protests in several Central American countries over its impact on local farmers.