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WARNING * Mexico - Keep NAFTA unchanged
President Calderon says altering the trade pact will lead to 'distrust' between the countries
New York,NY,USA -Bloomberg/The Detroit News, by Fabiola Moura -September 25, 2008: -- Mexican President Felipe Calderon called on the U.S. to preserve the North American Free Trade Agreement and increase competitiveness with Europe and Asia, saying any renegotiation could harm both countries' economies... U.S. critics of free trade have been more vocal this year as confidence in the economy erodes, and presidential candidate Barack Obama has said NAFTA should be changed to include labor and environmental standards. He warned against protectionism and said there needs to be "more investment in Mexico, to get more jobs for Mexicans in Mexico"... Calderon, 46, said Mexico's "labor-intensive" economy compliments America's "capital-intensive" economy, and the two countries need to work harder to integrate their markets...
Labels: NAFTA debate
posted by Unknown @ 4:21 PM
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