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Nicaragua Doubts CAFTA Kindness
The announced benefits that the
Free Trade Agreement between
Central America and US (CAFTA)
have remained in doubt here
Tuesday, during the presentation
of a study on the impact of the
agreement in Nicaragua.
With CAFTA, farmers will have to
migrate to the cities for jobs,
admitted one of the authors of
the investigation sponsored by
the United Nations Program for
Development (UNPD).
The study by Mario Sanchez and
Rob Vos was sponsored by the
Ministry to Foster Industry and
Trade (MIFIC).
Both authors said rural zones
will not be benefited by the
commercial agreement, which
started in Nicaragua in April
2006.
That conclusion is based on the
fact that main investments
promoted by CAFTA are in the
textile sector and urban
assembly plants, where cheap
handicraft is hired, with scarce
professional training.
Local economist Israel Benavides
from the University of
Commercial Sciences, however,
refused to accept this, and
advocated for implementation of
a policy oriented to develop the
sector.
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