Kay Hagan on Free Trade
Democratic Jr Senator; previously member of State Senate
Hagan released papers that question why her opponent, Sen. Elizabeth Dole, would support pacts such as the Central American Free Trade Agreement. Critics say the North American partner of the agreement accelerated the decline of North Carolina’s manufacturing and textile industries.
CAFTA supporters, however, say it does the opposite. Dole helped approve the CAFTA agreement in 2005, arguing the pact would remove tariffs in other countries and bring North Carolina products to a new marketplace. She said sectors such as agriculture and pharmaceuticals would benefit. Dole also said it would benefit the textile industry because American fabric would be used in Central America.
“When done right, trade opens up nations to new products, new opportunities, and new ideas,” Hagan wrote in introducing her plan. Her campaign said she would have voted against CAFTA as it is written.
Hagan also wants to increase government funding for research and development and increase access to technology in rural parts of the country. She would also expand tuition tax credits to improve education. Hagan’s plan does not detail how she would pay for the programs.
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