This Sunday, Secretary of Agriculture will lead a U.S. Agribusiness Trade and Investment Mission to promote trade and investment between the U.S. and companies in the Central American region. During the four-day trip Schafer will also meet with high-level government officials.
"Face to face business contact adds great value to these trade agreements in place among our governments," said Schafer. "There are 17 U.S. agribusinesses traveling with us, who will develop additional lines of commerce by meeting with nearly 70 Central American and Dominican Republic companies. This is an excellent business opportunity on both sides of this two-way trade equation. The Central America Free Trade Agreement is expanding trade, improving competitiveness, and accelerating economic growth everywhere it is in place throughout this region."
Since CAFTA was signed, two-way trade grew 21% from 2006 to 2007 and is expected to exceed $5 billion in 2008. The 17 companies participating in this mission will have the opportunity to meet with companies from El Salvador, Guatemala, Honduras, Costa Rica, Nicaragua and the Dominican Republic.