AeA Applauds House of Representatives for Passage of Dominican Republic-Central America-United States Free Trade Agreement Implementation Act
Agreement will provide boost to high-tech industry

Washington, D.C. – AeA, the nation’s largest high-tech trade association, today applauded the United States House of Representatives for passing the Dominican Republic-Central America-United States Free Trade Agreement Implementation Act (CAFTA).  The bill approves the trade agreement entered into with the Governments of Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua.

“This agreement will greatly benefit the high-tech industry,” said William T. Archey, President and CEO of AeA, “as it features important tariff reductions to make U.S. technology exports more competitive in these countries. The high-tech industry will also benefit from the opening of key information technology services, including telecommunications, the promotion of strong e-commerce regulations, and the protection of intellectual property rights. We are pleased that both the Senate and House have now passed the implementing legislation."

“International trade is vitally important to the high-tech industry – on average, more than 60 percent of U.S. technology industry revenues are derived from outside the U.S.  This trade agreement will open new opportunities and expand markets for a wide array of high-tech products which is essential to the continued growth and competitiveness of the Unites States’ high-tech industry.”

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About AeA
AeA, founded in 1943 by David Packard, is the largest high-tech trade association in the United States with nearly 3,000 companies, representing all segments of the industry and 1.8 million employees. Currently, AeA has 18 offices in and around the United States, as well as offices abroad in Brussels and Beijing. Our primary purpose is helping our members’ top and bottom lines by providing the following services: Access to Investors; State, Federal & International Lobbying; Insurance Services; Government Procurement; Business Networking; Foreign Market Access; Select Business Services; and Executive Education.

This page was last updated on 07/28/05.