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PRESIDENT BUSH SPEAKS IN SUPPORT OF CAFTA AT THE OAS

  July 22, 2005

The President of the United States visited the headquarters of the OAS on Thursday, to speak in support of the Central American Free Trade Agreement. The Secretary General of the OAS, José Miguel Insulza, welcomed President George W. Bush and emphasized the historic nature of this accord, which he said "will eliminate tariffs and trade barriers and expand regional opportunities for workers, manufacturers, consumers, farmers, ranchers and service providers."

Insulza observed that a timely conclusion of the trade agreement would serve as a prelude to the upcoming Summit of the Americas, which will be held later this year in Mar del Plata, Argentina. At the Summit, the 34 democratically elected Presidents and Prime Ministers of the hemisphere will focus on the theme of "Creating Jobs to Fight Poverty and Strengthen Democratic Governance."

President Bush in his address stated that the expansion of free trade in the hemisphere is a fundamental mechanism for strengthening democracy and for improving living standards. The President underlined that "by opening up Central America and the Dominican Republic to U.S. trade and investment, CAFTA will help those countries develop a better life for their citizens" and that "by helping those economies improve, CAFTA will help the nations strengthen their democracies."

In reiterating the Secretary General's observation that CAFTA was not just a trade agreement, President Bush said that “this Bill is a commitment of freedom-loving nations to advance peace and prosperity throughout the Western hemisphere." He added that “CAFTA will help the nations of Central America deliver prosperity and opportunity for their citizens”. Finally, he encouraged the passing of the Bill, stating that “by strengthening democracy in the region CAFTA will also lead to greater security and stability”.

Reference: E-149/05