Word: nafta
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Dates: during 2000-2009
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...maintain democratic control over economic, health and environmental laws and regulations. This treaty, the most far-reaching trade agreement in history, will see intensive negotiations in Quebec over the weekend of April 20-22. In essence, the Bush Administration seeks to extend the North American Free Trade Agreement (NAFTA) to all of the Americas by 2003; if ratified, the FTAA could compromise the potential for democratic self-government of over 800 million people on two continents...
...loser would likely be Asia. Larry Martin, president of the American Apparel and Footwear Association, says that since 1994, when NAFTA went into effect, "the Mexican and Caribbean share of our imports has risen from 24% to 38%, while China's share has dropped from 11% to 6%." Brazil's footwear industry is overwhelmed in the U.S. by China, where costs are 10% lower, but foresees a boom if it can eliminate the current 8.5% U.S. tariff...
...free-trade area could turn some of NAFTA's winners into losers. The Mexican auto-parts industry, for instance, exports more than 60% of its production to the U.S. But Enrique Zambrano Benitez, CEO of Proeza, a partsmaker that employs 5,000 in Monterrey, Mexico, is anxious about Brazil's big parts indus-try, which currently faces U.S. barriers that would fall in the proposed free-trade area...
Many executives harbored similar fears about the NAFTA treaty, but it has delivered far more opportunities than disruptions. That's the strongest argument that proponents of freer trade will bring with them to Quebec City...
...From the moment the Zapatistas marched out of the Lacandon jungle on New Year's Day in 1994, Marcos styled himself an enemy of the North American Free Trade Accord (NAFTA), and his recent speeches include attacks on the market-oriented approach embraced by Fox, a former Coca-Cola executive. Exactly what Marcos would replace it with remains unclear...