It seems to me like another investor's wet dream--The White House 'fact' sheet on this mentions $8.8 billion exported to Central America in 2000, but we are talking investment dollars here for at least half of that, aren't we?
6. hmm, no, I don't think it will affect México much...
It will create problems in the agriculture sector in Central America, though... and it is forcing Central American countries to privatize and/or open markets that are currently protected.
But México is not involved in CAFTA... they will certainly feel some marginal effect, but it is minimal when compared to Central America.
NAFTA is to CAFTA as Coffee is to Cappuccino. It's the same thing multiplied by ten. A guy once told me he hated coffe but wanted to know about cappuccino. My response if you hate one you will hate the other 10x more...
Free trade with the U.S. is a great hope for Central America. Hopefully, the rest of the hemisphere will feel left out (of the rare/low/zero tariffs to sell goods into the largest economy in the world.) A Western Hemisphere free trade zone would be an enormous boost to the economies/progress of the Americas.
CAFTA will certainly help big companies in Central America (and the US). But not the small businesses a lot of people depend on.
Plus, most products from Central American countries already pay very low tariffs in the US because they are included in the Caribbean Basin Initiative.
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