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July 07, 2014

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Page 22 of 71 THE JOURNAL OF COMMERCE 23 LATIN AMERICA TRADE AND LOGISTICS SPECIAL REPORT A DECADE AFTER its sign- ing, and f ive years af ter full implementation, the C ent r a l A mer ic a F r e e T rade A g re ement m ay n o t h a ve t r a n s f or m e d Central America into the powerhouse of textile and apparel trade forecast by s ome opt i m i s t s , but it has facilitated signifi cant g row th in that sector of t he r e g ion 's e c onom y, along with diversifi cation into other sectors. CAFTA AT10 By Alan M. Field The Central America Free Trade Agreement has helped members grow, but the pact is hardly a panacea in the battle against low-cost Asian competitors

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