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CAFTA good for Ag sector

Published Thursday, September 01, 2005

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 billion annually. “Where there [is free trade with] growing markets, obviously one of the most significant sectors of the economy will be agriculture, producers of grain and other agricultural commodities,” says Fletcher Hall, exec. dir.

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