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Posted inWeb Articles

Edwin Guerra, ConsultoSS

It is outrageous to think that the only (or main) reason to pass the DR-CAFTA is to stop more Latinos immigration to the US, and therefore avoid “gang violence and illegal drug traffic”. This statement is much worst than of recent comment of racial content of President Fox, for which he was greatly criticize. The writer “unfortunately forgets” that in words of Mr. Bill Frenzel, chairman of the ACTPN, “counting the European Union as a single market, the expanded CAFTA is America’s 9th largest export market. The $15 billion of U.S. exports to the enlarged CAFTA area last year makes CAFTA the largest American export market in the Western Hemisphere after Canada and Mexico — more than one-third larger, for example, than the Brazilian market for U.S. exports”. In a letter to President Bush he described the CAFTA as an “exceptional agreement” and stated that “in addition to it’s economic benefits, the agreement will contribute to political stability” in the region, not the other way around as this article suggest. It was a poor judgment, and coming from the best business magazine that covers Latin America, make’s it unforgivable.
by LatinFinance June 29, 2005

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