“The Senate’s passage of Central American-Dominican Republic Free Trade Agreement (CAFTA-DR) is a major victory for America’s agricultural sector and signals new opportunities and growth for producers and processors throughout the Americas,” said J. Patrick Boyle, President and CEO of the American Meat Institute. Boyle noted that the CAFTA-DR, which passed by a vote of 54 to 45 last night, will allow duty-free exports of meat and poultry products to six Latin American countries while providing additional U.S. agricultural jobs due to increased exports when it becomes law.
"Access to foreign
markets is a key to the prosperity of American
agriculture,” said Boyle. The main effect of
the Agreement will be to reduce and eliminate
duties on U.S. agricultural products in the six
countries involved. Currently, those duties
average between 15 and 164 percent for beef,
pork and poultry exports depending on the
country. By contrast, more than 99 percent
of U.S. agricultural imports from those
countries enter the U.S. duty-free. The
economic growth and added-value generated by
this agreement will allow access to millions of
new customers for U.S. beef, pork and poultry
products. “Free trade is a win-win situation
for all countries involved,” he added.
“ CAFTA-DR will not only open and
expand new markets for American agricultural
products, but will also maximize options for
American consumers,” said Boyle.
“Everybody wins,” he said.
information on the CAFTA-DR, go to
more information on the American Meat
Institute, go to http://www.meatinstitute.org
AMI Praises Passage Of CAFTA-DRFriday, July 1, 2005
For more information contact:
Vice President, Public Affairs
Sr. Vice President, Public Affairs