The U.S. House of Representatives pushes through the Central American Free Trade Agreement (CAFTA), which has been supported by many manufacturing trade groups and was passed by the Senate in June. Under CAFTA, U.S. manufacturers stand to gain $1 billion in new exports annually, while protecting $4 billion worth of shipments currently jeopardized by increasing competition from cheaper Asian companies, National Assn. of Manufacturers President John Engler says. “This is exactly what we ...
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