House passes CAFTA; President Bush expected to sign

| Thursday, July 28, 2005

Following heavy lobbying from the White House, the U.S. House of Representatives passed the Central American Free Trade Agreement by just two votes. The measure was passed by the Senate in June and will now go to the president for his signature.

President Bush, along with Vice-president Cheney and other top Republicans spent much of the week meeting with House members to try and push the bill through. Their efforts worked, in spite of concerns  that the pact would harm American workers.

The accord is similar to the controversial North American Free Trade Agreement. It will eventually eliminate tariffs and other trade barriers between the U.S. and Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic.

Supporters claim CAFTA will level the playing field with Latin American nations and opens up those markets for U.S. goods. CAFTA critics have deep concerns that it could cost American workers their jobs.

Comments