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NICARAGUA NOTIFIES OAS THAT FREE TRADE AGREEMENT WITH THE UNITED STATES TAKES EFFECT APRIL 1

  March 31, 2006

The Secretary General of the Organization of American States (OAS), José Miguel Insulza, today congratulated the Nicaraguan government for making a free trade agreement with the United States a reality and said that historically no country has gone wrong with this type of accord. “People stop having doubts when they compare the numbers before and after the agreements and prove that the results are noteworthy,” he said.

Insulza received on behalf of the OAS the notification from Nicaragua, which explains that the country has completed the legal requirements and has agreed with the United States that the Central American-Dominican Republic Free Trade Agreement (CAFTA-DR) will go into effect on April 1.

“These agreements work and produce effects,” Insulza said, citing positive results from the North American Free Trade Agreement (NAFTA) between Canada, Mexico and the United States, as well as negotiations between Mercosur and the European Union. “Even though ideological discussions arise, based on the concepts, there is no concrete evidence contradicting what I am saying,” he added. The Secretary General also praised the Central American region and the Dominican Republic for the steps taken and assured that “within a few years, the world will realize that this was a great moment for Nicaragua and for Central America.”

While presenting the notification documents to the OAS Secretary General, the Nicaraguan Ambassador to the White House, Salvador Stadthagen, thanked the OAS for its constant support during the process and reminded Insulza of the Chilean experience signing a free trade agreement with the United States, which he said “was an example for us.” That trade treaty served an important example to help move CAFTA-DR forward in the U.S. Congress, the Nicaraguan diplomat said.

OAS Assistant Secretary General Albert R. Ramdin, Ambassador José Luis Velásquez, Permanent Representative of Nicaragua to the OAS; Ambassador John Maisto, U.S. Permanent Representative to the OAS, and the Vice Chair of the Permanent Council, Ambassador Marina Valere of Trinidad and Tobago, participated in the brief ceremony at OAS headquarters.

Reference: E-081/06