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AFFI applauds passage of trade agreement in house; CAFTA victory establishes potential for U.S. market expansion.

Calling it a victory for free trade and U.S. manufacturers throughout the food supply chain, AFFI commended the passage of the Central American Free Trade Agreement (CAFTA). The U.S. House of Representatives approved CAFTA by a narrow margin of two votes, 217 to 215, in a hard-fought legislative triumph.

"AFFI has consistently supported policy initiatives that facilitate increased market opportunities for its members. CAFTA will diminish trade and investment barriers, as well as enhance business prospects for American companies," said Leslie G. Sarasin, CAE, president and chief executive officer of AFFI.

CAFTA would reduce trade barriers between the United States, the Dominican Republic, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. Although U.S. commerce with the countries in mention is diminutive, relative to the magnitude of U.S. trade overall, the passage of CAFTA indicates to developing countries and the world that the U.S. continues to be a leader in global market expansion.

"The passage of CAFTA sets a precedent for international commerce. Eradicating existing trade barriers will help to level the international playing field and lower tariffs, while creating potential for U.S. frozen food companies to compete in today's" global marketplace," said Sarasin.
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Title Annotation:American Frozen Food Institute, Free Trade Agreement, 2004, United States-Central America-Dominican Republic
Publication:Frozen Food Digest
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 1, 2005
Words:199
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Next Article:Blaine McPeak of Kellogg Co. joins AFFI Board of Directors.
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