Al-Qasabi: Growing global adoption of digitization transforms trade into more efficient and reliable    89-day long winter season starts officially in Saudi Arabia on Saturday    20,159 illegal residents arrested in a week    Riyadh Season 5 draws record number of over 12 million visitors    GACA report: 928 complaints filed by passengers against airlines in November    Death toll in attack on Christmas market in Magdeburg rises to 5, with more than 200 injured Saudi Arabia had warned Germany about suspect's threatening social media posts, source says    Ukraine launches drone attacks deep into Russia, hitting Kazan in Tatarstan    Cyclone Chido leaves devastation in Mayotte as death toll rises and aid struggles to reach survivors    US halts $10 million bounty on HTS leader as Syria enters new chapter    UN Internet Governance Forum in Riyadh billed the largest ever in terms of attendance    ImpaQ 2024 concludes with a huge turnout    Salmaneyyah: Regaining national urban identity    Fury vs. Usyk: Anticipation builds ahead of Riyadh's boxing showdown    Saudi Arabia to compete in 2025 and 2027 CONCACAF Gold Cup tournaments    Marianne Jean-Baptiste on Oscars buzz for playing 'difficult' woman    Al Shabab announces departure of coach Vítor Pereira    My kids saw my pain on set, says Angelina Jolie    Saudi Arabia defeats Trinidad and Tobago 3-1 in friendly match    Legendary Indian tabla player Zakir Hussain dies at 73    Eminem sets Riyadh ablaze with unforgettable debut at MDLBEAST Soundstorm    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    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.