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A Great Debate Over the Price Of a Pair of Honduran Socks

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“The humble cotton sock has become the center of an international trade dispute.

The United States decided on Jan. 18 that millions of pairs of duty-free socks imported from Honduras may be hit with a tariff. The ruling made the hosiery a symbol of the choices that politicians, workers and even towns face in a global economy.

Honduran imports jumped to more than 27 million dozen pairs last year from 10 million in 2005, after the Central American Free Trade Agreement passed. American workers have lost jobs as a result, the kind of issue Democratic presidential candidates use to criticize trade agreements. Still, feelings are mixed.”*

*From: www.washingtonpost.com
Traducido: usando Google o Altavista/Babel Fish

Posted on: February 5th, 2008
Curation from Tomás
Filed Under: 1. Hispanic News, Business, Business News, Top Stories
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