CAFTA good for Ag sector
The agricultural sector will reap considerable benefits from the Central America Free Trade Agreement (CAFTA), according to ATA. The bill, which was passed early last month, makes half of current U.S. agricultural exports to Central America duty-free; tariffs on most U.S. farm exports will be phased out within 15 years. According to ATA, CAFTA is expected to boost U.S. agricultural exports by $1.5