Thursday, July 28, 2005

Is CAFTA Good for America?

Citizens for a Sound Economy seem(s) to like it:
The growing U.S. trade deficit is an often cited concern, but 80 percent of Central American exports covered under CAFTA including 99% of agricultural products already enjoy duty-free access under the Caribbean Basin Trade Partnership Act passed in 2000. CAFTA makes the trade partnership reciprocal, opening Central American markets to U.S. products. The U.S. International Trade Commission estimates CAFTA will reduce the U.S. trade deficit by $756 million because of new export opportunities opened to U.S. businesses.


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