To which he added that the deal would bring stability in trade between the United States and the region.
While worker have already drawn the conclusions on the trade agreement even Vice President of Economic Development at the Asheville Area Chamber of Commerce Ray Denny, blamed another treaty NAFTA for the loss of tens of thousands of textile jobs in the state.
On its way to get final seal of Presidential approval, CAFTA had already traversed a muddled path, what with it gaining a narrow 54-45 vote in the Senate recently to push it over to the House, early next week.
Denny was of the opinion that federal government must protect the US textile industry from illegal and unfair trade practices while it throws its doors open to other nations.
US Rep. Charles Taylor, a Brevard Republican representing Western North Carolina, has already declared of his decision to vote against the measure, following his stand when NAFTA was passed during the Clinton administration.
He too harked on the issue of dumping by other country that tantamount to unfair trade and denial of a fair deal for countrymen involved in the industry.
CAFTA say some opponents, will cost job losses with local companies relocating operations in Central America, where cheap labor is available. But, Bush and other CAFTA supporters claims otherwise.
Yet, others say the deal would boost sagging fortunes of local industry, as Central American manufacturers will buy material and yarn from them where as Chinese textiles, in contrast, carried little or none of US manufactured raw material.
All said and done, mistrust seems all pervading as CAFTA sails through the House in the coming days.
marketing@alchempro.com
