TITLE

Building bridges across borders

AUTHOR(S)
Fussell, Ellen
PUB. DATE
June 2004
SOURCE
InTech;Jun2004, Vol. 51 Issue 6, p56
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on the interest of El Salvador Foreign Investment Agency director Patricia Figueroa to establish a partnership with the U.S. through the Central America Free Trade Agreement (CAFTA). Figueroa says it would be smart business if offshore countries partner with U.S. manufacturers instead of competing directly against them. Through CAFTA, the U.S. and El Salvador can become more stabilized and solid trade partners. The agreement is geared to increase U.S. business opportunities to compete around the world. In industries such as food processing and telecommunications, it is no longer economical to manufacture products and raw materials if companies decide to do production across the globe. The goal of CAFTA is to take advantage of lower costs and location to build a bridge of partners in the Western Hemisphere and allow all to remain competitive. Figueroa said accessing the CAFTA market also create more opportunities for engineers to develop project for governments. There could be opportunities to establish contracts in government and the private sector. Manufacturers look for increased market access to solidify their industries. Accessing the CAFTA market could enhance their products, exposing the industries to a variety of skills. INSET: Korean manufacturers get busy.
ACCESSION #
13615142

 

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