Thursday, June 16, 2005
by Daniella Markheim
Heritage Foundation: With CAFTA working its way through Congress, myths about the trade agreement are running rampant. In a new paper, trade expert Daniella Markheim lays out the facts on CAFTA--and debunks the biggest myths.
Will CAFTA cost the U.S. jobs? No way, CAFTA will actually encourage job creation by opening Central America to U.S. goods, explains Markheim.
Will CAFTA encourage illegal immigration? Far from it--increased prosperity in Central American should actually help stem the tide.
And what about labor standards? CAFTA actually requires enforcement of labor regulations, but in a way that won't cause economic damage, either.
The facts are clear, concludes Markheim. "CAFTA will improve U.S. economic performance, support American jobs, and promote economic freedom and prosperity."
Just the Facts: Debunking Some Myths About DR-CAFTA