The Central America Free Trade Agreement (CAFTA) is an extension of the North American Free Trade Agreement or NAFTA composed of Central American nations Guatemala, El Salvador, Honduras, Costa Rica and Nicaragua and the Dominican Republic. It was signed on May 28, 2004 CAFTA was signed and pasted through the House of Representatives by one vote by the U.S. Congress on July 27, 2005. It is the first free trade agreement between developing countries and the U.S. with the goal of creating more opportunities through open markets, tariff removal and reducing service barriers.