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Article Excerpt
The first of nine scheduled Central America Free Trade Agreement (CAFTA) negotiating rounds concluded in Costa Rica on Feb. 1 (see NotiCen, 2003-01-23), leaving some participants in "an atmosphere of optimism," others not so. Some enthusiastically embraced a timetable that would see a fully negotiated treaty ready for adoption in December, while others stepped back from what they consider a pace too rapid for sound decisions.
Guatemala's chief negotiator Salomon Cohen spoke in the most upbeat, if not gushing, terms about CAFTA changing the isthmus with floods of foreign investment seeking a place in the US market and the entire population of the isthmus benefiting from a "better supply of goods and services, of better quality, and at better prices." But even he acknowledged that, on the Central American side, "the concern exists that we have no possibility of competing with the United States under equal conditions."
Cohen saw balm for that concern in the establishment of ground rules. "If we don't establish rules of the game regarding equity and timing, our products will not be able to compete; so rules are being sought that will not put us at...
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More articles from NotiCen: Central American & Caribbean Affairs
CUBA WILL SEEK ADMISSION TO EUROPEAN UNION AID PACT, BUT HAS NOT SAID ..., February 06, 2003
GUATEMALA DECERTIFIED., February 06, 2003
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