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FTA
Keeps Guatemala Minister in Dock
The Guatemalan Congress began
its second day of questioning
Economy Minister Marcio Cuevas
Thursday, on the basis and
effects of the free trade
agreement with the United
States.
During the four-hour session on
Tuesday, Cuevas was not able
clear away congressional doubts
on vital matters, such as the
possible damages of the FTA for
the national economy.
According to the minister of
Economy, the FTA will generate
over 10,000 jobs, which was
considered irrelevant by Deputy
Alba Estela Maldonado
considering the number of
informal workers expected to
lose their jobs.
Nearly 800,000 Guatemalans
survive by the sale of pirated
CDs, and replicas of clothes,
shoes and other US products
which, besides being prohibited
by the FTA, will carry jail
terms.
Cuevas´ responses today are
important as influential
financial institutions will
decide whether to support the
commercial agreement depending
on the responses provided by the
official.
The Constitutional Court will
hold a public audience on May 11
in response to a protection
resource, presented by 30
progressive, farmer and popular
organizations, denouncing the
secretive way the FTA has been
negotiated and demanding a
referendum.
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