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POLITICS: CAFTA Gains More Support

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posted on Jul, 25 2005 @ 09:13 PM
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The Central American Free Trade Agreement has recently gained more support among House Republicans, after some concessions were made to appease the textile industry. The CAFTA agreement, if approved, would lift tariffs on trade between the United States and Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic. The Senate has already approved the agreement, but its future in the House is still somewhat uncertain.
 



www.washingtonpost.com
WASHINGTON -- Supporters of the Central American Free Trade Agreement on Monday picked up votes from several textile-state Republicans, but were still hedging on whether they would have a majority when the trade deal comes up for a vote in the House.

"We're getting to the point where we will have the votes," U.S. Trade Representative Rob Portman said a news conference announcing concessions aimed at ensuring that CAFTA will not result in a further loss of jobs to the battered U.S textile industry.

With the concessions, three House Republicans who had previously leaned against the pact, Spencer Bachus and Mike Rogers of Alabama and Bob Inglis of South Carolina, said they would now support it.

With the side deal on textiles, CAFTA will help Alabama and the United States, Bachus said. "Additional uncommitted members are realizing this as well and are coming aboard."


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I think this agreement should be and will be approved. Free trade has proven to be a net positive for the United States, and hopefully NAFTA/CAFTA will eventually expand to include all of both North and South America.

[edit on 7/25/2005 by djohnsto77]




posted on Jul, 25 2005 @ 09:34 PM
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Why not a true free trade agreement with no regulations or tariffs? It'd be called a Free-Market Capitolist Agreement...wait that's what we are already supposed to have but thanks to the big government positions we have taken, that'd be "evil"....damn neo-cons, if you are going to do it do it right



posted on Jul, 25 2005 @ 10:16 PM
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Hopefully this will eventually happen CAConrad0825. I think the biggest fear with this is some of these countries may just act as a conduit for slave labor made Chinese imports entering without tariff, which is obviously unacceptable.



posted on Jul, 26 2005 @ 03:03 AM
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Originally posted by djohnsto77
Hopefully this will eventually happen CAConrad0825. I think the biggest fear with this is some of these countries may just act as a conduit for slave labor made Chinese imports entering without tariff, which is obviously unacceptable.


I think the main thing holding it back is not the chinese business practices but rather the african blood diamond trade. The source of these diamonds in the US cannot be determined as to whether blood diamond or so they all must be assumed to be at the cost of a limb or life, literally.




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