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Article: United States reaches free trade agreement with four Central American countries
- Article from:
- AP Worldstream
- Article date:
- December 18, 2003
- Author:
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MARTIN CRUTSINGER, AP Economics Writer
AP Worldstream
12-18-2003
Dateline: WASHINGTON
The Bush administration reached an agreement on expanding free trade in Latin America, giving four Central American countries duty-free access to the vast U.S. market and holding out the promise of cheaper prices for U.S. consumers.
The agreement reached Wednesday, which must be approved by Congress, would represent America's sixth free trade agreement _ deals to eliminate all barriers to trade _ and was modeled along the lines of the decade-old North American Free Trade Agreement linking the United States, Mexico and Canada.
The Central American Free Trade Agreement or CAFTA, will cover Guatemala, Honduras, ...