EPI, the Economic Policy Institute, has released a new study on the possible effects that CAFTA may have on farmers and the food industry. According to their Press release:
"The proposed Dominican Republic/Central American Free Trade Agreement (CAFTA) shares many similarities with its predecessor, the North American Free Trade Agreement (NAFTA) crafted in the early 1990s. Both have made promises to revitalize the U.S. economy, and the agricultural sector in particular. However, a new EPI Issue Brief, Will CAFTA Be a Boon to Farmers and the Food Industry?, shows that CAFTA is likely to repeat the legacy of worsening trade flows, declining incomes, and failed promised that have marked NAFTA since its inception."
