Monday, July 25, 2005

CAFTA

CAFTA--Central American Free Trade Agreement is a free trade agreement between the United State and the countries of Central America. It would allow tariffs to be lifted so that there is more trade between the United States and central American coutries. Its similar to NAFTA--North American Free Trade Agreement. Many farmers are in favor of the of the treaty so that they can sell their crop to a global market. However the sugar industry is concerned about it because it could potentially flood the US market from surplus sugar from central America. CAFTA passed in the Senate and is set for debate in the House. Senator Coleman voted in favor of CAFTA.

No comments: