Thursday, June 16, 2005

CAFTA will perpetuate outsourcing problem

Promoters of the proposed Central American Free Trade Agreement (CAFTA) claim that approval by Congress will stimulate the growth of commerce between our nation and five nations in Central America along with the Dominican Republic. However, the combined economic power of these nations doesn't have the ability to purchase our exports.

Instead, the nations of Central America have a large number of individuals whose low wage demands will entice U.S. business owners to move their manufacturing firms and American-held jobs into that region. After congress approved NAFTA in 1993, jobs and industry migrated to Mexico. CAFTA won't expand U.S. commerce, it will expand the already damaging aspects of NAFTA. Congress must say "No to CAFTA" when the measure comes up for consideration.

No comments: