http://story.news.yahoo.com/news?tmpl=story&ncid=716&e=5&u=/ap/20031217/ap_on_bi_ge/free_tradeU.S. Reaches Central America Trade Deal
By MARTIN CRUTSINGER, AP Economics Writer
WASHINGTON - Overcoming a last-minute snag on textiles, the United States reached a free trade agreement on Wednesday with four Central American countries.
Negotiators reached agreement in all areas, including textiles and agriculture, according to a U.S. official, who spoke on condition of anonymity.
U.S. Trade Representative Robert Zoellick and the trade ministers from the four Central American Countries scheduled a news conference for later in the day to formally announce the breakthrough.
The countries who completed the negotiations were Guatemala, El Salvador, Nicaragua and Honduras.
A fifth nation, Costa Rica, abruptly left the talks on Tuesday complaining about excessive demands being made by the United States for the nation to open up its market to foreign competition in telecommunications and insurance.
However, U.S. officials expressed hope that the differences with Costa Rica can be resolved in coming weeks so that it will be included when the administration submits the Central American Free Trade Agreement, or CAFTA, to Congress early next year. <snip>