Abominable New US-Mexico Trade Deal
Abominable New US/Mexico Trade Deal
Home – Stephen Lendman)
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.
Rulings in their favor can be gotten by claiming laws protecting public health or ecosanity violate their trade agreement rights.
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
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.
Home – Stephen Lendman). Contact at [email protected].