Abominable New US/Mexico Trade Deal
So-called free trade isn’t fair. It’s a license for corporate predators to steal, plunder, exploit, pollute, and operate unrestrained - solely for maximum profit-making.
Generation-ago NAFTA promises, touted by the Clinton co-presidency, were Big Lies - well known at the time. Yet the deal was consummated anyway.
US trade deals and related bipartisan policies exclusively serve predatory corporate interests at the expense of ecosanity and worker pay, benefits and other rights - millions of manufacturing and other jobs lost since the 1990s.
On Monday, Trump disgracefully touted the new US/Mexico trade deal, talks with Canada to join it continuing.
In a White House statement, DJT lied calling what the US and Mexico agreed on “a big day for trade, a big day for our country…a tremendous thing…a really good deal for both countries.”
The new “United States-Mexico Trade Agreement” is just the opposite.
All US trade deals are secretly negotiated behind closed doors, corporate predators having final say over what’s agreed on, assuring they’re granted new powers and privileges.
They make it easier for them to offshore jobs, ignore ecosanity, trash worker rights, and abandon policies vital for human health and well-being.
NAFTA’s investor protections incentivize offshoring production and jobs. Since taking effect on January 1, 1994, around a million US jobs were lost from this deal alone.
Wages were lowered, benefits lost, and inequality increased at the expense of fast eroding social justice.
So-called Trade Adjustment Assistance (TAA) facilitates offshoring of jobs to low-wage countries.
The so-called investor-state dispute settlement (ISDS) system grants corporate predators the right to sue governments for virtually unlimited compensation before a rigged panel of three corporate lawyers - their ruling final, not subject to appeal.
Rulings in their favor can be gotten by claiming laws protecting public health or ecosanity violate their trade agreement rights.
If a nation refuses to pay, its assets can be seized for compensation. ISDS incentivizes offshoring of jobs by providing special privileges and rights for firms relocating operations abroad - facilitating a global race to the bottom.
Most NAFTA provisions have nothing to do with trade - everything to do with compromising ecosanity and worker rights, along with human health and welfare.
The new US-Mexico trade agreement (NAFTA by another name) empowers corporate predators to continue offshoring jobs.
It lets them ignore ecosanity, human health and welfare in both countries. It trashes worker rights, sub-poverty wages in Mexico as low or lower than in China, America heading in the same direction.
A petition to Congress by partnered organizations states the following:
“We, the undersigned, demand that any NAFTA replacement must…
Eliminate the Investor-State Dispute Settlement (ISDS) system and the special investor protections it enforces that make it less risky and cheaper to outsource jobs, and that also empower corporations to attack environmental and health laws before tribunals of three corporate lawyers and get unlimited payouts of our tax dollars.
And add strong labor and environmental standards with swift and certain enforcement to raise wages and strengthen lax environmental rules in Mexico to prevent companies from moving jobs to pay workers a pittance and dump toxins.”
Citizens Trade Campaign
Democracy for America
Food & Water Watch Action
Friends of the Earth Action
Good Jobs Nation
Just Foreign Policy
Progressive Caucus Action Fund
Supporting organizations include:
Alliance for Democracy
Center for International Environmental Law (CIEL)
Communications Workers of America (CWA)
Connecticut Fair Trade Coalition
Franciscan Action Network
A Final Comment
Large-scale migration from Mexico to America since the 1990s was largely because US-subsidized agricultural exports under NAFTA displaced millions of Mexican farmers and related workers.
The deal also let large US manufacturers and retailers operate freely in Mexico, bankrupting its small companies.
Corporate predators in both countries benefitted at the expense of everyone else.
Once full details of the new US-Mexico trade deal are known, it may show what was agreed on is worse than NAFTA.
My newest book as editor and contributor is titled "Flashpoint in Ukraine: How the US Drive for Hegemony Risks WW III."