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CAFTA-DR: a level playing field for all, or stacked deck for a few?(INTERNATIONAL SECTION)(Central American Free Trade Agreement)

Business Credit

| October 01, 2005 | Diana, Tom | COPYRIGHT 2005 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

In the atmosphere of a sharply divided debate, the U.S. House of Representatives approved the Central American Free Trade Agreement (CAFTA-DR) around midnight July 27 by a razor thin margin of 217-215, after some last-minute vote switching. The U.S. Senate passed the trade agreement in June by a 54-45 vote--a slimmer majority than most recent Senate trade agreement votes. The close House vote is representative of the widely divergent views of supporters and opponents of this trade regulation. Those who favor it believe it will bring a "level playing field" to American companies that export goods and services into the affected Central American countries of Costa Rica, El ...

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Source: HighBeam Research, CAFTA-DR: a level playing field for all, or stacked deck for a...

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