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Secretary Gutierrez to Lead CAFTA-DR Business Development Mission

WASHINGTON - U.S. Commerce Secretary Carlos M. Gutierrez today announced he will lead a business delegation of U.S. exporters on a business development mission to the Dominican Republic, Nicaragua and Costa Rica, Sept. 28-Oct. 4, 2008. The mission will promote U.S. exports and investment and highlight regional opportunities that the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) has created since its implementation in 2006.

"CAFTA-DR is transforming the competitiveness of the Western Hemisphere in the global marketplace," Gutierrez said. "Since implementation two years ago, the United States has reversed our previous trade deficit to a current trade surplus of $3.7 billion in 2007 with the CAFTA-DR countries. CAFTA-DR has expanded openness and transparency in the region, which has improved the trade and investment climate for U.S. companies. I look forward to leading U.S. exporters on this business development mission to the Dominican Republic, Nicaragua and Costa Rica to capitalize on the opportunities that CAFTA-DR offers to U.S. industry and agriculture.

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