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Thursday, March 02, 2006

CAFTA Delays

From the New York Times:

Two months after the Central American Free Trade Agreement was supposed to go into effect, only El Salvador is ready to join, frustrating a hard-won victory for Washington in its push toward free trade.

Of the five other countries that signed on to the pact known by its acronym, Cafta, four have yet to change a host of laws to bring them into line with the agreement. The pact requires them to open their economies to American trade and investment, dismantle protections for many local industries and enforce intellectual property rights in return for greater access to the United States market. Costa Rica, the fifth, has delayed ratification.

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