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CAFTA-DR will be revised in the next years

CAFTA-DR will be revised in the next years

The Dominican Republic–Central America Free Trade Agreement (CAFTA-DR) will be revised in the next few years, according to Mario Arana, general manager of the Association of Producers and Exporters of Nicaragua (APEN). "This review will focus on aspects such as the modernization of the agreement, and not necessarily focus on renegotiating agreements already established", Arana said during a presentation to union representatives from all over the country.

The CAFTA-DR entered into force in Nicaragua 11 years ago and the country currently has a commercial surplus in its exchange with the United States. According to La Prensa, foreign trade specialists have pointed out at different times that there is no risk that a possible revision of the agreement will affect trade relations between the two nations.

"It's all about adding. Now there are topics that were not in the original discussed topics of the agreement and that are relevant because the world has changed. Like the new technologies that now exist and that did not existed ten years ago", added Arana, who said that among the new topics to be discussed are Intellectual Property rights.

Today, each member country of the agreement must provide protection for trademarks and geographical indications, including protecting preexisting trademarks against infringement by later geographical indications; efficient and transparent procedures governing the application for protection of marks and geographical indications; and copyright protection for the life of the author plus 70 years (for works measured by a person's life), or 70 years (for corporate works).

The CAFTA-DR constitutes the first free trade agreement between the United States and a small group of developing countries. It was created with the purpose of creating new and better economic opportunities by opening markets, eliminating tariffs, reducing barriers to services, and more. 

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Guy José Bendaña-Guerrero & Asociados

The Law Firm, specialized in the field of Intellectual Property, formerly known as Henry Caldera & Henry Caldera-Pallais, was founded in 1907 by Mr. Henry Caldera, as part of a three-way operation consisting also of the import and retail of goods. With time, these three operations became separate enterprises. That same year, and through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law.

In the late 1930’s, Mr. Caldera’s older son, Henry Caldera-Pallais, after obtaining a Law degree in Nicaragua, furthered his studies in the University of Michigan, where he graduated to become a U.S. Registered Patent Agent. During his stay in the United States, he gained experience working with the New York firm of Lagner, Parry, Card and Largner. In the late 1940’s, Mr. Caldera-Pallais returned to Nicaragua to take charge of the Law Firm, which became known as Henry Caldera & Henry Caldera-Pallais.