Bush Signs CAFTA

US President George W. Bush signed legislation Tuesday to implement the Central American Free Trade Agreement (CAFTA), capping a 19-month effort by his administration to end most tariffs on the $33 billion in goods traded between the US and Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua. Legislatures in El Salvador, Guatemala and Honduras have already passed CAFTA, while it is still being debated in Costa Rica, the Dominican Republic and Nicaragua.