The Business Council is urging U.S. Senators Hilary Clinton and Charles Schumer (D-NY) to support the U.S. - Dominican Republic - Central American Free Trade Agreement (DR-CAFTA) as a way to enhance trade opportunities and create jobs.
“Enhanced trade export opportunities are crucial to the continued growth of business in New York and to the jobs that these opportunities create,” wrote Business Council President Daniel B. Walsh in a May 10 letter to both the senators.
“These countries already enjoy unfettered access to the U.S. marketplace, while we have limited access to theirs,” Walsh continued. “DR-CAFTA seeks to end this trade imbalance, which contributes to the overall U.S. trade deficit. Under the agreement, over 80 percent of U.S. consumer goods and industrial products and more than half of all U.S. farm products would gain immediate tariff-free access into the region. DR-CAFTA will boost U.S. exports by $1 billion creating 12,000 U.S. jobs.”
The letter reminded the senators that DR-CAFTA has the support
of the Business Council, the U.S. Chamber of Commerce and the National
Association of Manufacturers.