Gaylon Booker, NCC consultant on trade policy, discusses the U.S. Textile and Fiber Coalition’s views on the recently negotiated Central American Free Trade Agreement (CAFTA).
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Booker says tariff preference levels, a fabric-forward rule of origin and the absence of sourcing restrictions on yarns or fabrics are among provisions that are of concern to the coalition.
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The CAFTA also could affect U.S. negotiations already under way for a Free Trade Area of the Americas and a proposed agreement with Andean countries.
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Further negotiations with Costa Rico and the possible addition of the Dominican Republic are expected, Booker says, which would bring to seven the number of countries included in CAFTA.
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Booker says it probably will be June before a vote on the agreement by Congress occurs.