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Winners & amp; Losers



Published: Sat, July 30, 2005 @ 12:00 a.m.



WINNERS & amp; LOSERS

What was decided

Trade pact: The Central American Free Trade Agreement eliminates trade barriers between the United States and Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua.

CAFTA winners: U.S. farmers and manufacturers hope to gain new sales in the region, particularly through exports of textiles and clothing, machinery, autos, and wheat and other grains.

CAFTA losers: Sugar growers in the U.S. worry about new competition. Imports of processed sugar from the region are expected to increase by $113.2 million.

Source: Associated Press

COPYRIGHT 2005 ASSOCIATED PRESS. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN, OR REDISTRIBUTED.




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