Obama And NAFTA

Posted on Tuesday, January 13 at 09:52 by NAUWATCH

In the shadow of the economic crisis, a war of words rages over whether President-elect Barack Obama will hold to his campaign promise of opening up the North American Free Trade Agreement for renegotiation.

The debate isn’t likely to stay in the shadows for long. Campaign attacks on NAFTA and candidate promises to renegotiate proved that demands for revision of the free-trade model have reached critical mass in U.S. politics. A post-election report from Public Citizen’s Global Trade Watch heralded a net gain of 28 fair-trade members in the House and seven senators. Most of these politicians, it notes, didn’t just happen to be critical of the free-trade model. They actively ran on a fair-trade platform and won partly on that stance.

The economic crisis only strengthens those demands. If international trade and investment policy is the pillar of the current economic model, its revision must be a foundation of global restructuring plans.

http://www.fpif.org/fpiftxt/5778

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