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Nicaragua is unlikely poster child for free trade pact with United States

Monday, April 11, 2011

The United States free-trade agreement with Central America and the Dominican Republic, Cafta celebrated its fifth anniversary with American officials hailing the pact’s exemplary success in Nicaragua.

Yet Nicaragua is the region’s unlikely poster child for economic growth and job creation under the agreement. For a country governed by a self-declared socialist who often rails against the evils of “savage capitalism,” Nicaragua has benefited from Cafta more than any other signatory country.

Original source: Miami Herald