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Trade Issues WTO/NAFTA/FTAA: Recent large-scale protests have brought global attention to the undemocratic processes of the World Trade Organization (WTO) and the Free Trade Agreement of the Americas (FTAA). In the words of Global Exchange: "International trade agreements such as NAFTA (the North American Free Trade Agreement) and GATT (the General Agreement on Tariffs and Trade) were written by representatives of large corporations and they function in the interests of large corporations. For example, detailed studies by Public Citizen and other watchdog groups have shown that in the seven years of NAFTA, transnational corporations from the three signing countries (Canada, USA, Mexico) have benefited while the middle classes and working classes of these countries have suffered. More jobs have been lost due to NAFTA than have been created. Several decades of the GATT have lowered corporate taxes by the trillions of dollars, thus helping to bankrupt governments around the world and make them dependent on borrowing from the World Bank, International Monetary Fund and the private banks. This indebtedness then gives immense policy influence to the bankers, who are mainly interested in the money cycle not the life cycle." - Global Exchange [source] For
more information on this and other related issues, visit Global
Exchange on the Internet. |
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WTO/GATT NAFTA Action / Campaigns Global Trade Watch - 9 Steps You Can Take to Defeat Fast Track Would you like to see your organization featured on this page? Contact Us!
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