May 23, 2005
W SHOULD OPPOSE IT, THEN THE LEFT WOULD SUPPORT IT:
Opposing free trade (Michael Barone, May 23, 2005, Townhall)
CAFTA covers Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and the Dominican Republic and is similar to other free-trade agreements that have been approved by Congress -- with Mexico and Canada in November 1993, Jordan in July 2001, Singapore and Chile in July 2003, and Australia and Morocco in July 2004. There is this difference:Under the Caribbean Basin Initiative (CBI), begun in the 1980s, more than 80 percent of the products from CAFTA countries already enter the U.S. duty-free. CAFTA would immediately remove import barriers on most U.S. manufactured goods and half of U.S. farm exports. CAFTA would also allow a small increase in sugar exports to the United States, rising from 1.2 percent of current sugar consumption in the first year to 1.7 percent 15 years later.
Like the free-trade agreement with Australia, CAFTA seems to be an almost unalloyed win-win. U.S. manufacturers and farmers would gain access to markets. U.S. farm interests have been pushing to open up Cuba, which has 11 million people with very low incomes. CAFTA would open up countries with 46 million people with higher incomes. CAFTA countries would be able to import U.S. textiles and fabrics and use them to make apparel that would be competitive with Chinese products. That's why the National Council of Textile Organizations endorsed the agreement.
Yet it appears that most Democrats and not a few Republicans are set to oppose CAFTA. Why? Well, the AFL-CIO opposes i...
Remember how even folks like the NY Times worked themselves up into a lather over George Bush's steel tariffs? Why aren't they all denouncing the Democrats' attack on free trade now? Posted by Orrin Judd at May 23, 2005 7:23 AM
