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CENTRAL
AMERICA |
CAFTA-DR : More Damage than
Benefits
The Dominican Republic lost in January
$282.2 million to US-led Central America
Free Trade Agreement(CAFTA-DR), leading to
general discomfort owed to damages rather
than benefits.
An independent report by Economist Luis
Vargas charts the foreign debt growth from
March 2007 to January 2010 in near $7.4bn,
some three-fold the national budget.
Economic asymmetry among the parties and
protectionist policies implemented explain
why such turn out match national predictions
on the CAFTA-DR for the region.
Meanwhile, forecasts show similar trend for
imports from the US, marked by money
shortage, as the sharpest difference shows
in the $67M animal protein source shrink
that stalls official efforts to achieve food
security.
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