HR ministry proposes strict rules for advertising domestic labor services    Former Colombian president Álvaro Uribe sentenced to 12 years of house arrest for witness tampering, bribery    Collapse at Chile's El Teniente copper mine kills 1, traps 5 workers underground    Kyiv mourns as Russian attack kills 31, including 5 children, in deadliest strike in a year    Thailand returns two wounded Cambodian soldiers after ceasefire in border conflict    Saudi Arabia, Canada hold first political consultations in Ottawa    Saudi Gazette publishes full text of new foreign property ownership law The law grants non-Saudis broader real estate rights under defined conditions while imposing restrictions in Makkah and Madinah    Saudi anti-graft authority investigates 425 employees, detains 142 in July corruption cases    Saudi Arabia's real GDP grows 3.9% in Q2 2025 on broad-based economic expansion    New Murabba, Alat sign MoU to develop next-gen vertical transport for The Mukaab    Sotheby's returns Buddha jewels to India after uproar    Riyadh Film Music Festival returns with live orchestral performances of iconic movie scores    Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin    Qiwa sets 60-day window before reporting worker as absent under new contract rules    Saudi, Russian energy ministers discuss oil market and joint committee plans    Fahad bin Nafel steps down as Al Hilal president after historic six-year run    João Félix unveiled by Al Nassr as €50m move marks bold new chapter in Riyadh    Saudi Arabia approves first Alzheimer's treatment with lecanemab for early-stage patients    Chris Tucker, Pete Davidson and Aziz Ansari among stars set for Riyadh Comedy Festival    Al Nassr beat Benfica to €50m João Félix signing after Ronaldo, Jesus intervene    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



US House passes Central American trade pact
Published in Saudi Press Agency on 02 - 07 - 2005

The U.S. House of Representatives narrowly approved a free-trade agreement with Central America on Thursday, handing President George W. Bush a hard-fought victory in difficult times for efforts to expand global trade, Reuters reported.
The Republican-controlled House voted 217-215 in favor of the U.S.-Central American Free Trade Agreement, or CAFTA, after a final push by Bush and top aides to win over many reluctant Republicans.
Only 15 of the House's 202 Democrats backed CAFTA, and 27 Republicans opposed it.
The agreement eliminates tariffs on U.S. exports to Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic. It also locks in and expands the duty-free access those countries already have to the U.S. market.
The pact's approval came as international negotiators struggle to make progress toward a new world-trade agreement. A congressional defeat of CAFTA would dealt a heavy blow to the talks by raising questions about Washington's ability to follow through on trade deals.
House leaders held open the vote for more than an hour as they pressured fellow Republicans. Rep. Robin Hayes, a Republican from the textile state of North Carolina, switched his vote in the closing minutes to clinch the win.
Afterward, Bush said he looked forward to signing the bill.
"The agreement is more than a trade bill: it is a commitment of freedom-loving nations to advance peace and prosperity throughout the Western Hemisphere," Bush said in a statement. The Senate approved CAFTA last month.
U.S. Trade Representative Rob Portman said he would take the next flight to Geneva to discuss how to revitalize World Trade Organization talks on a new global deal.
"Frankly, if this had gone down tonight it would have made my life much more difficult ... The truth is the rest of the world was watching," Portman told reporters.
European Union Trade Commissioner Peter Mandelson applauded the vote. "CAFTA is a great thing. We are all relieved that it got through," he told journalists in Geneva, where he was attending meetings on the WTO trade round.
--mor 1359 Local Time 1059 GMT


Clic here to read the story from its source.