USATODAY.com - Outsourcing gets closer to home with CAFTA: "MANAGUA, Nicaragua — Touting themselves as the 'new Asia,' pro-business and investment organizations across Latin America are talking about the benefits of 'nearsourcing.'

It's the same thing as outsourcing — sending jobs to lower-cost locations outside the USA — but closer to home: It's south rather than east, near rather than far. And it's increasingly attractive to U.S. companies.
Latin American leaders are boosting nearsoucing as the region readies for the Jan. 1 start of the Central American Free Trade Agreement, which ends most tariffs on more than $33 billion in goods traded between the USA and six Central American and Caribbean countries. Those are Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic. U.S. Commerce Secretary Carlos Gutierrez toured Central America last month with executives of 20 leading U.S. companies to promote the pact."

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