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Essay / Research Paper Abstract
This 3-page paper provides pro and con arguments in regards to the Central America Free Trade Agreement (CAFTA). Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: D0_MTcaftaarg.rtf
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Unformatted sample text from the term paper:
simple as possible (Enterprise Florida, 2008). The countries involved in the agreement are Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and the United States (Enterprise Florida, 2008).
Tariffs and other barriers are being eliminated between these countries which, in theory, should make trade easier. In this paper, well examine the pros and cons of CAFTA, writing these
as two separate papers. Paper #1 -- Supporting CAFTA The Central America Free Trade Agreement (CAFTA) is an agreement between countries of
Central America and the United States. Though these nations are currently linked in terms of land mass, many economic barriers prevent the free trade of goods and services to flow
back and forth between the U.S. and the countries south of Mexico. Much like NAFTA has united the North American countries by permitting easy flow of goods and services across
the U.S., Canada and Mexico, CAFTA will provide the same advantages between Central America and the United States. In a report describing
sector-by-sector opportunities resulting from CAFTA, it was found that the free-trade agreement will provide significant benefits for a variety of U.S. manufacturers (Field, 2006). Though textiles has been the headline-maker
with this agreement, it wont have that much of an impact; rather, other sectors, such as agriculture, construction equipment and other machinery will enjoy a rise in demand as the
Central American nations are able to buy and import these products without the hindrance of tariffs or other potential obstacles (Field, 2006).
With CAFTAs implementation, 92% of all categories of U.S. capital goods exports automatically become duty-free, no matter where those goods are headed (Field, 2006). On the agricultural front, CAFTAs
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