Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 09:42, July 29, 2005
US House approves US-Central America free trade pact
font size    

The US House of Representatives on early Thursday narrowly approved the US-Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) after it was approved by the Senate last month.

The vote result, 217-215, was a triumph for US President George W. Bush who has urged the Congress to ratify the agreement to promote free trade with Central American countries.

Bush hailed the passage of the free trade pact in the US Congress.

"CAFTA helps ensure that free trade is fair trade," Bush said in a statement issued by the White House.

"By lowering trade barriers to American goods in Central American markets to a level now enjoyed by their goods in the US, this agreement will level the playing field and help American workers, farmers and small businesses," the statement said.

In addition to Bush, Vice President Dick Cheney and Secretary of State Condoleezza Rice have also made efforts to persuade a few dozen reluctant Republicans to support the agreement.

But most Democrats voted against the pact, arguing that the pact's labor rights provisions were weak and would result in exploitation of workers in Central America.

The CAFTA-DR has been approved by a 54-45 vote in the Senate on June 30, more than one year after it was signed by the Bush administration.

The European Union quickly welcomed the passage of the trade pact in the US Congress.

"CAFTA's a great thing," EU trade commissioner Peter Mandelson told reporters on the sidelines of a World Trade Organization meeting in Geneva. "We're relieved it got through."

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved