Bush to push CAFTA in speech to Organization of American States
WALB 10 | July 21, 2005
WHITE HOUSE President Bush will be trying to drum up support for the Central American Free Trade Agreement today when he addresses the Organization of American States in Washington.
CAFTA would end or lower trade barriers with five Central American countries and the Dominican Republic. It's modeled after the North American Free Trade agreement.
Bush says it would be good for commerce and fragile democracies. But critics say it could prompt more American companies to relocate to countries where labor costs are lower, costing jobs in the U-S.
CAFTA has cleared the Senate and could be voted on next week in the House.