North Riyadh Geopark and Salma Geopark designated on UNESCO's Global Geoparks List    NMC forecast: Thunderstorms to hit most regions of Saudi Arabia until Monday    TGA mandates national address for all parcel shipments from January 2026    stc group redefines connectivity at FORMULA 1 STC SAUDI ARABIAN GRAND PRIX 2025    Film Commission launches 'Cinema' initiative to enhance content    Saudi Arabia's trade with Arab League countries exceeds SR87 bln    Riyadh to host First Arab European Cities Dialogue Forum    Man deported to El Salvador will never live in US, says White House    At least 50 dead after boat catches fire in northwest DRC    US-Iran nuclear talks venue confirmed as Rome following confusion over location    Judge says Trump administration likely acted in contempt for not turning around deportation flights    Saudization rates raised in 4 healthcare professions from Thursday    Tesla whistleblower wins latest legal battle in fight against Musk    Famed Philippine film star Nora Aunor dies at 71    SFDA cites most common cases of fish food poisoning and ways to prevent them    Saudi medical team arrives in Syria to perform 95 heart surgeries and catheterizations    Farah Al Yousef to race as Wild Card entry in F1 Academy at Saudi Arabian Grand Prix    Nissan Formula E Team secures pole position and double points finish in Miami    Supply. Supply. Supply: How Badael plans to meet record demand for DZRT The Saudi smoking cessation company aims to produce over 100 million cans in 2025    Al Hilal's title bid falters with draw at Al Ettifaq    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



US House passes Central American trade pact
Published in Saudi Press Agency on 02 - 07 - 2005

The U.S. House of Representatives narrowly approved a free-trade agreement with Central America on Thursday, handing President George W. Bush a hard-fought victory in difficult times for efforts to expand global trade, Reuters reported.
The Republican-controlled House voted 217-215 in favor of the U.S.-Central American Free Trade Agreement, or CAFTA, after a final push by Bush and top aides to win over many reluctant Republicans.
Only 15 of the House's 202 Democrats backed CAFTA, and 27 Republicans opposed it.
The agreement eliminates tariffs on U.S. exports to Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic. It also locks in and expands the duty-free access those countries already have to the U.S. market.
The pact's approval came as international negotiators struggle to make progress toward a new world-trade agreement. A congressional defeat of CAFTA would dealt a heavy blow to the talks by raising questions about Washington's ability to follow through on trade deals.
House leaders held open the vote for more than an hour as they pressured fellow Republicans. Rep. Robin Hayes, a Republican from the textile state of North Carolina, switched his vote in the closing minutes to clinch the win.
Afterward, Bush said he looked forward to signing the bill.
"The agreement is more than a trade bill: it is a commitment of freedom-loving nations to advance peace and prosperity throughout the Western Hemisphere," Bush said in a statement. The Senate approved CAFTA last month.
U.S. Trade Representative Rob Portman said he would take the next flight to Geneva to discuss how to revitalize World Trade Organization talks on a new global deal.
"Frankly, if this had gone down tonight it would have made my life much more difficult ... The truth is the rest of the world was watching," Portman told reporters.
European Union Trade Commissioner Peter Mandelson applauded the vote. "CAFTA is a great thing. We are all relieved that it got through," he told journalists in Geneva, where he was attending meetings on the WTO trade round.
--mor 1359 Local Time 1059 GMT


Clic here to read the story from its source.