Obama Reverses Campaign Pledge To Renegotiate NAFTA
Watch the video. Speaking to reporters on Friday, Obama said: “At a time when the economy has been shrinking drastically and trade has been shrinking around the world… we probably want to make the economy more stabilized in the coming months before we have a long discussion around further trade negotiations.” Obama’s reversal on NAFTA has come under criticism from labor and human rights groups. In Mexico, NAFTA has been blamed for squeezing out small Mexican farmers, depressing wages, and spurring waves of immigration to the United States. Before the summit, a group of protesters gathered at the U.S. embassy in Mexico City and called on Obama to uphold his campaign pledge. Manuel Perez Rocha, Associate Fellow of the Institute for Policy Studies and a member of the Mexican Action Network on Free Trade. Laura Carlsen, Director of the Americas Program at the International Releations Center. She has lived in Mexico many years and has published numerous articles on social and political issues in the country.
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