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US to sign FTA with Central American countries
Washington, Feb 21: US will enter into a Free Trade Agreement with the Central American governments of Costa Rica, El Salvador, Honduras, Guatemala and Nicaragua.
Washington, Feb 21: US will enter into a Free Trade Agreement with the Central American governments of Costa Rica, El Salvador, Honduras, Guatemala and Nicaragua.
President George W Bush, who notified the Congress of his intent, said the agreement will create new opportunities for American workers, farmers, businesses and consumers by eliminating barriers in trade with Central America.
"Our Central American partners have made dramatic progress in transitioning from countries wracked by civil war to peaceful, democratic societies. This agreement will write a new page of our history with Central America--one that depicts sustained engagement in support of democracy, peaceful regional integration, economic opportunity and hope," he said.
"We are also moving forward with negotiations to integrate the Dominican Republic in our FTA with Central America." Bush said he was looking forward to working with Congress to develop appropriate legislation to approve and implement "an historic free trade agreement" with Central America.
Bureau Report