http://www.corpwatch.org/issues/PID.jsp?articleid=378NAFTA & FTAA: Who Benefits?
Seventy-five percent of Mexico's population lives in poverty today, compared with 49 percent in 1981, before Mexico underwent reforms that paved the way for NAFTA-the North American Free Trade Agreement.
The number of Mexicans living in severe poverty (living on less than $2 a day) has grown by four million since NAFTA began in 1994.
NAFTA has generated booming industrial development but little investment in the environment. As a result, environmental pollution and related public health problems have increased on both sides of the US-Mexico border.
In the first four years of NAFTA, 15 wood product companies, including International Paper and Boisie Cascade, set up shop in Mexico, cutting some of North America's largest intact forests.
Hundreds of thousands of US jobs have shifted to Mexico under NAFTA. 260,000 U.S. workers have qualified for a special NAFTA retraining program. Especially hard hit are the apparel and electronics industries, major employers of women and people of color.
The Free Trade Area of the Americas (FTAA), currently being negotiated by 34 countries, is intended by its architects to be the most far-reaching trade agreement in history.
Although it is based on the model of NAFTA, the FTAA goes far beyond it in scope and power, potentially granting unequalled new rights to corporations to compete for and even challenge publicly funded government services, including health care, education, social security, culture and environmental protection.
Trading Democracy
In what one attorney called ''an end-run around the Constitution,'' corporations are using a little-known provision of the North American Free Trade Agreement (NAFTA) to challenge public laws, regulations and jury verdicts not only in the United States, but in Canada and Mexico as well. And they are arguing those cases not in courts of law, but before secret trade tribunals.