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Press release: Passage of DR-CAFTA Bad News for Farmers
27 July, 2005
Institute for Agriculture and Trade Policy
Minneapolis - The passage of the Central America Free Trade Agreement (CAFTA) in the U.S. House of Representatives late last night signals a major setback for U.S. sugar farmers and a damaging blow to Central American farmers, said the Institute for Agriculture and Trade Policy (IATP). The deal would lead to the destruction of the U.S. sugar program, and increase agricultural dumping of agricultural commodities below their cost of production into Central American countries.