Freedom

CAFTA, NAFTA and the WTO

These acronyms, NAFTA, CAFTA, and the WTO, are a weird blend of alphabet soup that provides nourishment for almost all participants - except the United States. The people who lost their jobs when 354 textile plants closed, just since 1997, are not nourished by this alphabet soup. The people in Asian sweat shops are.

Garment and textile exports to the US reach US $926 million
Vietnam exported 25 categories of garments and textiles with quota management to the US worth more than US $926 million in the first seven months of this year. Of this export value, 18 products having automatic visas contributed around US $500 million. The 338/339 category was the biggest hard currency earner with US $379 million, followed by the 347/348 category at US $247 million. The seven-month export value reached around US $1.3 billion including the value of non-quota items. (VNA)

Posted by Editor at August 2, 2005 08:02 AM