Will Include Vote on Annual Trade Report Card
WASHINGTON, DC – With the U.S. Senate expected to vote on the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA) as early as this Thursday, the National Foreign Trade Council today sent a letter to every member of the Senate urging the approval of DR-CAFTA. Due to the overwhelming importance of this agreement to the U.S. economy, NFTC announced that the vote on DR-CAFTA will be counted as a Key Vote in its annual Trade Report Card. A copy of the letter is attached.
“Without question, DR-CAFTA is in the best economic interest of the United States. It will open markets and expand trade between the U.S. and the second largest market in Latin America, creating economic opportunities throughout the region. On behalf of the NFTC member companies, I urge the Senate to approve this agreement,” said NFTC President Bill Reinsch.
The letter also cited the importance of DR-CAFTA to advancing U.S. foreign policy goals in the region and to maintaining leadership in trade liberalization.
“Passing DR-CAFTA will send an important signal to our trading partners in Latin America and throughout the world that the United States is committed to leadership in trade liberalization. Continued U.S. leadership is crucial for an ambitious outcome to the Doha Round of WTO negotiations,” added Reinsch.
NFTC, as part of the Business Coalition for Central America Trade and the Hispanic Alliance for Free Trade, has conducted numerous meetings with Members of Congress, Senators and their staff and has consistently urged the approval of DR-CAFTA.