Word: naftas
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Candidate Clinton promised to be a New Democrat, free from the statist left wing of the party. But President Clinton, with the notable exception of NAFTA, has opted to fight the free market and pursue an interventionist economic agenda...
...Canada, Australia and New Zealand. At this point, it amounts to little more than a trade-issues study group. Though Washington has avoided taking any position on the matter for now, the U.S. might eventually prefer to see APEC become a mechanism to bind Pacific Rim nations into a NAFTA-style trade family, especially in the face of sentiment building among some Asian nations in favor of regional trade arrangements that exclude the U.S. "The U.S. has at long last started to look seriously at its trade interests in the Pacific," says Kwon Byong Hyon, South Korea's Assistant Foreign...
Should Washington ever try to push APEC toward becoming an Asian NAFTA, the task will not be easy. Less developed Pacific nations are averse to any trade pact that might compel them to lower tariffs protecting fledgling industries. If Clinton shows up in Seattle without a win on NAFTA, Asian nations will also be under less pressure to deal; one reason for them even to consider a Pacific Rim trade group is to ensure themselves a defensive base in the event that GATT should fail or NAFTA take a protectionist turn. Thus the White House has been playing down this...
...NAFTA as They Wanna...
...risky move may have paid off for the Clinton Administration as a contentious, sometimes personal debate between Vice President Al Gore and NAFTA opponent Ross Perot seemed to raise support for the pact. Polls showed that opinions of NAFTA became more favorable after the debate, televised on CNN's Larry King Live. At week's end, however, the White House was still at , least 20 votes short of the number needed to pass NAFTA when it comes before the House this week...