CAFTA Failing The Poorest
AFTER SIX MONTHS, CAFTA FAILING THE POOREST, BENEFITING THE RICHEST
CAFTA has been in effect for six months in Nicaragua and El Salvador, and data show that the results are in line with what both supporters and opponents of the agreement expected; the strong players are benefiting, the weak are not (see NotiCen, 2004-11-18). In El Salvador, first of Central America's countries to implement the treaty, the many thousands of promised jobs have failed to materialize, and, said economist Raul Moreno, only big businesses, importers mainly, have seen gains. In Nicaragua, says William Rodriguez of the Centro de Estudios Internacionales, "CAFTA has sown the seeds for unfair trade. Nicaragua is a small country that can hardly compete with the US."
Read More Click Below
From: AFTER SIX MONTHS, CAFTA FAILING THE POOREST, BENEFITING THE RICHEST.
Source: NotiCen: Central American & Caribbean Affairs, October 19, 2006.
Via: HighBeam™ Research
COPYRIGHT 2006 Latin American Data Base/Latin American Institute