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  • WSJ: Cafta's Benefits - The 'loss of sovereignty' and other myths.

    07/27/2005 4:56:15 AM PDT · by OESY · 40 replies · 860+ views
    Wall Street Journal ^ | July 27, 2005 | Editorial
    ...Cafta opens the way for more U.S. products going south. The agreement also boosts intellectual property protection in Cafta countries, as well as competition in financial and other services in which the U.S. excels. American farmers alone expect to increase exports to Central America by some $1.5 billion a year. All that goes away if Cafta fails. We are also told that Cafta can't work because the North American Free Trade Agreement of 1994 didn't work.... Ross Perot's prediction of a "giant sucking sound" proved to be a fantasy. But what about "the trade deficit"? Well, the National Association of...