Three countries "” El Salvador, Guatemala and Honduras "” have ratified the pact, which will go into effect as soon as those countries and the United States agree on a date. The other three countries have two years to approve it.
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Since Bush took office, Congress has signed off on free trade agreements with Jordan, Singapore, Chile, Australia and Morocco. None of those accords faced the difficulty of CAFTA, mainly because the poverty in some CAFTA countries made labor rights a more sensitive issue.
Congressional rejection of CAFTA could also have made it more difficult for the administration to negotiate and win approval of other trade agreements.
Next up could be a free trade agreement with Bahrain, followed by others with Thailand and Andean countries.
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You may beat the rap, but you won't beat the ride!
California could greatly benefit from CAFTA. It could help lower wages to allow us to compete with El Salvadoran sweatshops. The true realization of the American dream. I tremble in my boots at the mere prospect of it.
I think it was a poorly executed idea. It simply does not address other nations violating its' intentions.
Like we don't screw Canada over NAFTA ?
I work in the transportaion industry , when I employ a Canadian carrier I can only send them to Canada , not intrastate since they cannot go state to state down here . BTW , we don't even allow Mexican trucking companies more than 2-3 miles onto this side of the borderbecause the US trucking companies know that they couldn't compete . Ever wonder why goods cost so much here ? Blame protectionism , it affects everything you own .
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Kevin Haendiges
NAHC Life Member
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http://hunting-indiana.com
Viva CAFTA!
