US Senate passes Central American free trade deal
AFP, July, 2005
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WASHINGTON (AFP) — The US Senate has approved a controversial free trade pact with Central America and the Dominican Republic by a close 54-45 vote, with a battle likely at its next stage in the House of Representatives.
The Dominican Republic-Central American Free Trade Agreement (or CAFTA-DR) is likely to go before the House after the July 4 holiday recess.
The key test in the Senate came late Thursday after the House Ways and Means Committee voted largely along party lines to implement the trade pact with Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua .
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The pact would eventually eliminate most tariffs on the roughly 30 billion dollars (25 billion euros) in goods traded annually between the United States and the participating nations.
US President George W. Bush, expressing appreciation for bipartisan support over the bill, said the CAFTA-DR agreement was good for American ...
