Broadcast Newsline: January 7, 2004

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).

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.

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