Monday, August 01, 2005

Chávez Hates CAFTA

If Chávez hates CAFTA, then it must be good:

Venezuelan President Hugo Chávez criticized a trade agreement that eliminates barriers between the United States and Central American countries, saying Sunday it is a misguided deal that will harm the region's small economies...

The trade deal eliminates barriers between the United States and Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua.

Chávez says that is the wrong strategy for small countries with a history of domination by the United States.

"It would harm the economies and societies much more in our sister Central America," Chávez said during his weekly television and radio show.

Of course, Chavez doesn't know what he's talking about, but other people do:

"The biggest winners from the passage of CAFTA will be the people of Central America. This will solidify the tremendous gains they have made in economic and political reforms," said Dan Griswold, head of trade studies at the Cato Institute, a libertarian think tank in Washington.


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