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In fact, it is believed this area of world is Americas 18th largest export target. Another contributing factor to the proposed agreement comes from what is believed to be an unfair trade policy. During the presidency of Ronald Reagan, Central American countries had many tariffs slashed under what is known as the Caribbean Basin Initiative. This initiative allowed around 74% of all exports to America to arrive duty free. Meanwhile, U.S. goods entering their region faced of much deeper import duty of roughly 10%. All in all, the U.S. government believes this act will solidify democracy and level the playing field for future products produced by the United States...
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