June 30, 2005(Key vote)
Title: CAFTA Implementation Bill
Vote Smart's Synopsis:
Vote to pass a bill that implements a free trade agreement between the United States, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua.
Stipulates that no provision of the Agreement shall have effect if inconsistent with U.S. law (Sec. 102).
Establishes an office to help with settling disputes between participating nations (Sec. 105).
Preserves U.S. duties on imports of sugar goods over a certain quota, and allows the U.S. to apply these duties to imports within the quota in exchange for providing compensation to participating nations' sugar exporters (Sec. 202).
Progressively eliminates customs duties on all originating goods traded among the participating nations (Sec. 204).
Removes duties on textile and apparel goods traded among participating nations (Sec. 205).
Provides a procedure for import relief if the increased imports brought about by the Agreement seriously threaten a domestic industry (Sec. 313).
Terminates participating nations' status as beneficiaries under the Caribbean Basin Initiative, but maintains U.S. obligations to them regarding duty-free importation of ethanol (Sec. 402).
Recommends that each participating nation uphold the International Labor Organization Declaration on Fundamental Principles and Rights at Work (Sec. 403).
This bill is identical to HR 3045, which on 08/02/2005 became Public Law No. 109-53 .