Public Citizen has published a thorough review of the past 20 years of NAFTA with their new report, “NAFTA at 20: One Million U.S. Jobs Lost, Mass Displacement and Instability in Mexico, Record Income Inequality, Scores of Corporate Attacks on Environmental and Health
Laws” Click here to see the report. and march with CRLN and the Illinois Fair Trade Coalition this Saturday to say ‘¡No más!’ to this harmful legacy of free trade and neoliberalism! No to the
Trans-Pacific Partnership (TPP), a.k.a. NAFTA on Steroids!
Contact your members of Congress to urge them to vote no on Fast Track legislation for the TPP!
Below are some of the reports’ main findings, but click here to see the report in full. With mounting evidence around the false promises of free trade, the report goes more deeply into growing income inequality throughout the hemisphere and lawsuits filed by corporations against sovereign nations for “a loss of future profits” resulting from domestic public interest and environmental laws.
- The export of subsidized U.S. corn did increase under NAFTA, destroying the
livelihoods of more than one million Mexican campesino farmers and
about 1.4 million additional Mexican workers whose livelihoods depended on
- Scores of NAFTA countries’ environmental and health laws have been challenged in foreign tribunals through the controversial investor-state system. More than $360 million in compensation to investors has been extracted from NAFTA governments via “investor-state” tribunal challenges against toxics bans, land-use rules, water and forestry policies and more. More than $12.4 billion are currently pending in such claims.
- Facingdisplacement, rising prices and stagnant wages, over half of the Mexican
population, and over 60 percent of the rural population, still fall below
the poverty line, despite the promises made by NAFTA’s proponents.
- Though the price paid to Mexican farmers for corn plummeted after NAFTA, the deregulated retail price of tortillas – Mexico’s staple food – shot up 279 percent in the pact’s first 10 years.