Congress Approves Free Trade Agreements
Before taking is summer recess, Congress approved free trade agreements with Australia and Morocco. The Australian pact had the strong endorsement of the US textile industry, but it was opposed to the Morocco agreement because it permits specified amounts of yarn and fabric from non-participating countries to enjoy…
Egytex News Desk
Egytex
The United States now has free trade agreements with Canada, Mexico, Israel, Jordan, Australia , Morocco and Singapore, as well as regional pacts with the Caribbean and Sub-Saharan African nations. This action pretty well wraps up the Bush administration’s ambitious free trade initiatives for this year, as a major agreement with the Central American nations is pending but will not be dealt with a by Congress in an election year in view of its highly controversial nature.
From the Egytex news archive, first published on 15 August 2004. Figures and names are as reported at the time.
