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The Dominican Republic-Central American Free Trade Agreement wouldexpand markets for Central America, the Dominican Republic, and theUnited States; help to integrate these countries into the globaleconomy; encourage needed economic reforms; bolster positivepolitical trends; and signal the entire hemisphere that Washingtonis serious about market integration and helping its neighbors todevelop.

The Bush Administration and Congress should cut spending to balancethe federal budget, lower corporate and personal income taxes, andcontinue to support the expansion of economic freedom. Economicfreedom is the foundation of U.S. economic growth and strength, andmore economic freedom at home will help to ensure this prosperityand strength.

On April 12, the United States and Peru concluded negotiations forthe United States-Peru Trade Promotion Agreement, a major advancein economic and security relations between the U.S. and LatinAmerica's fifth most populous country. Peru's legislature hasalready approved the deal, and it now awaits action in the U.S.Congress. Economically, this free trade agreement (FTA) with Peruwill benefit producers in both countries with greater market accessand consumers with less expensive products.

The Montenegrin parliament is delaying approval of the government's package of free-market measures, designed to improve the investment environment and encourage informal small and medium businesses to enter the formal market. The package includes a reduction of employers' payroll taxes and contributions to pension and health care. This time, however, reform is being held up by the World Bank, not by local interests or politics.

Women's income in free economies is almost 10 times their income in repressed economies and more than double their income in mostly free economies.