El Salvadoran President defends CAFTA

Elias Antonio Saca, President of El Salvador, wants to do business. That was more or less the gist of his 20 minute speech, in Spanish. "Things have changed since we signed the peace accord 14 years ago," he said. "We no longer talk about rifles and revolutions. We talk about Internet revolutions." Saca noted that Dell has moved into the country, hiring 1,000 customer service agents, and launching a manufacturing operation. And he wants to do more, which is why he's a staunch defender of the newly signed CAFTA.

"CAFTA is going to add 1.6% to annual GDP," he said. "It has already allowed us to attract $200 million in foreign investment." And all this, of course, means new jobs. President Saca ended with an invitation to Brainstormers. "We want you as leaders of your companies to participate in our project. I invite you to participate in making El Salvador [an even greater country.]"
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.