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Article: Failing at free trade: are poor Mexicans better off after 10 years of free trade? Absolutely not, and Fox must fix it fast.(Trade Talk)(Free Trade Agreement, 1992, United States-Canada-Mexico, president Vicente Fox)
- Article from:
- Revista Latin Trade
- Article date:
- December 1, 2003
CopyrightCOPYRIGHT 2003 Freedom Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When the North American Free Trade Agreement (NAFTA) took effect Jan. 1, 1994, the trade pact's enthusiasts told Mexicans that they had entered the "decade of hope." But 10 years later, a more apt description would be the "decade of the raw deal" for the country's poor.
The historic deal has generated much wealth: The combined 406 million citizens of Mexico, the United States and Canada are part of the richest free-trade area in the world, with US$11 trillion combined annual gross domestic product. Trade among the three countries has more than doubled to $614 billion in 2002. Farm goods traded between the United States and Mexico also doubled. Exports from ...