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Debate Heats Up on CAFTA
Bank Of America Investment by Michael Bowman
Within 90 days of this hearing, Congress will hold a ÔA$T TRACK vote on CAFTA. Under FA$T track rules, NO DEBATE IS ALLOWED NO DEBATE That right . no spit, no grease 9¬ We just get F_ _ _ED (unless, of course, we tell our congress critters in sufficiently large numbers in a very polite but firm way that we ™e not buying it, and make their phones ring off the hook and some fax machines run out of paper and INK so they can get any OTHER (ahem) usiness done
Investment Opportunity President Bush meets with leaders of five Central American nations plus the Dominican Republic to press the case for the Central America Free Trade Agreement (CAFTA).
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Banking Investment May 12, 2005 (AXcess News) Washington - President Bush is to welcome Thursday the leaders of five Central American nations plus the Dominican Republic to the White House to press the case for the Central America Free Trade Agreement (CAFTA). The accord would lower trade barriers among the seven countries, in hopes that closer commercial ties will boost the economies of all nations involved. But the pact's fate is far from assured in the U.S. Congress, which must approve the measure before it can go into effect.
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Investment Solution Strategic The battle over CAFTA has begun. This week, the presidents of Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic took the unusual step of crisscrossing the United States to personally lobby business groups and politicians on the accord's behalf.
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Investment Banking Services On Capitol Hill, backers of the trade deal say the United States has nothing to lose from CAFTA, and everything to gain. At a news conference, Senator Charles Grassley from the agriculture-rich state of Iowa said the accord will tear down barriers to U.S. exports."Today, over 99-percent of the food and agricultural products that we import from the region is duty-free. Meanwhile, our food and agricultural exports are hit with tariffs averaging 11 percent, with some tariffs ranging as high as 150 percent," he noted.Standing next to Senator Grassley was Bob Jones, representing the giant U.S. conglomerate Kraft Foods."[About] 96x percent of the world's consumers live outside the United States. If we are going to continue to expand our business, exports are key. And about 46 million consumers live in six CAFTA countries," he added.U.S. grocery products lobbyist Manly Molpus says CAFTA will bring long-term benefits.
Bank Investment "The Central American region is an attractive market to us. These countries are comprised of young, growing populations, and as incomes rise, consumers in these countries will likely switch from basic staples to more value-added products. And as they do, we want to be there with our well-known [product] brands," he explained.
Alternative Investment CAFTA is designed to foster U.S. investment in Central America and strengthen intellectual property protections. It follows the North American Free Trade Agreement (NAFTA) between the United States, Canada and Mexico, and is seen as an intermediate step toward a proposed hemisphere-wide Free Trade Area of the Americas.But if U.S. business interests are lining up in support of CAFTA, organized labor, environmentalists and other advocacy groups stand firmly opposed.
Online Investment Services The secretary treasurer of America's main labor federation, Richard Trumka, denounced CAFTA at a Capitol Hill rally Tuesday.
Accompany Essential Investment "America is losing good jobs due to bad trade deals,
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