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CAFTA'S
BENEFTIS?
Source:
The Orlando Sentinal
Printed: Monday, April 25, 2005
Written by: Judy Sanchez, U.S. Sugar |
Your
recent editorial would've been extremely brief if it had listed CAFTA's
net benefits to the state rather than wasting space bashing Florida
sugar farmers.
All five nations included in CAFTA have a combined regional economy smaller than
that of New Haven, Conn. With more than 80 percent of their products already
entering our markets duty-free, this tiny, incremental trade agreement -- phased
in over 20 years -- would hardly spur their economy or bolster democracy.
The United States supplies more than 90 percent of most agricultural imports
to Central America. Most of the trade between the United States and the CAFTA-DR
countries already enters through Florida ports and air terminals. Any gains would
be relatively insignificant.
America's International Trade Commission projects that CAFTA will increase America's
overall trade deficit with these Central American countries by more than $100
million.
NAFTA was passed with similar expectations, even if it put "some" Florida
tomato growers out of business. In 1994, we had a $2 billion trade surplus with
Mexico; today we have a $45 billion trade deficit. Florida lost nearly two-thirds
of its tomato industry and small Mexican farmers of many crops were destroyed
by large, multinational conglomerates. Did this help consumers through lower
prices at the grocery store as promised? Not one bit.
CAFTA is doomed to repeat the same mistakes, and this time sugar farmers, ranchers
and other American industries will pay the price for so-called free trade.
Judy Sanchez
Director of Corporate Communications
US Sugar Corp.
Clewiston
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