CAFTA Already Costing American Jobs

November 9, 2005 – With the Central American Free Trade Agreement (CAFTA) set to go into effect January 1, companies are already positioning themselves to exploit cheap labor in countries such as Nicaragua and Costa Rica.

Companies such as IBM, Russell Athletic and Western Union have already started shifting business into the six countries affected by CAFTA, which will end most tariffs on more than $33 billion in goods traded between the U.S. and these countries.

Read the entire USA Today article examining what corporations are calling “nearsourcing.”