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Nicaragua Doubts CAFTA Kindness

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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-13-06 08:38 AM
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Nicaragua Doubts CAFTA Kindness
Managua, Dec 13 (Prensa Latina) The announced benefits that the Free Trade Agreement between Central America and US (CAFTA) have remained in doubt here Tuesday, during the presentation of a study on the impact of the agreement in Nicaragua.
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Both authors said rural zones will not be benefited by the commercial agreement, which started in Nicaragua in April 2006.
That conclusion is based on the fact that main investments promoted by CAFTA are in the textile sector and urban assembly plants, where cheap handicraft is hired, with scarce professional training.
http://www.plenglish.com/article.asp?ID={ED82D442-70D3-4A99-9D1F-F802CEE008F7})&language=EN

Given that Nicaragua is the poorest of the South American countries, with minimal average wages and over 50% of the pop. below the poverty line does the the USA really need even more cheaply produced tee shirts and sneakers sold at huge profits to the corporations ?

Hopefully the Chinese will build their canal for them and help them prosper as a nation. http://en.wikipedia.org/wiki/Nicaragua_Canal
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