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AMI Praises Passage Of CAFTA-DR

Friday, July 1, 2005

“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.

For more information on the CAFTA-DR, go to http://www.fas.usda.gov/info/factsheets/CAFTA/overall021105a.html
For more information on the American Meat Institute, go to http://www.meatinstitute.org

For more information contact:
David Ray
Vice President, Public Affairs
Janet Riley
Sr. Vice President, Public Affairs

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