Remarks for CAFTA Anniversary Ceremony
I am proud to be with you here today to commemorate CAFTA’s first anniversary. The agreement is an important part of our economic relationship, and I am especially looking forward to hearing the stories of Salvadoran businesses that have already capitalized on opportunities to trade with the United States. Trade between both countries is growing, and we’ve seen increased interest from U.S. companies in investing here in El Salvador.
While the focus today is on trade and the early success of CAFTA after only one year of its entry into force, we should not forget the other benefits of free trade. Free trade brings more quality products at better prices, increasing everyone’s purchasing power. Free trade creates jobs and new opportunities for small and medium enterprises. It is no coincidence that in countries with more open economies there is less poverty and higher standards of living. In short, free trade reduces poverty and improves people’s lives.
In El Salvador, CAFTA is complemented by the Millennium Challenge Account. This 461 million dollar investment in the people of El Salvador by the United States is additional proof of our commitment to the people and the government of El Salvador. I would like to recognize my friend and colleague, Millennium Challenge Corporation Deputy Chief Executive Officer Rodney Bent, who was so gracious to join us here today.
Now, it is my distinct honor to introduce to you Assistant Secretary of State for Economic, Energy, and Business Affairs Daniel Sullivan. Assistant Secretary Sullivan represents the United States in relations with foreign governments on a broad range of economic issues. He has an impressive background in international trade, law and government service, which I will briefly highlight for you.
Before joining the State Department, Assistant Secretary Sullivan was a Director on the National Economic Council Staff of the White House’s National Security Council. He is also a Marine Corps Reserves infantry and reconnaissance officer and recently was called back to active duty to serve as Strategic Advisor and Special Assistant to the Commander of the U.S. Central Command. Before joining the Bush Administration, Assistant Secretary Sullivan practiced business and corporate law with a major U.S. law firm.
Dan, we look forward to your remarks.
