»»Reviewing NAFTA Could Lead to Improved Trade Relations, Think Tank Report Says
Canadian Economic Press Sep 24 2008 5:08AM GMT
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»»NAFTA: Mend it, don’t end it
Globe and Mail Sep 24 2008 3:18AM GMT
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»»Steelworkers support NDP demand to renegotiate NAFTA, add meaningful labour and environment standards; Where do the other parties stand?
Canoe Money Sep 23 2008 5:55PM GMT
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»»S.Korea, U.S. Reach Free Trade Agreement
The United States reached its biggest free trade agreement since NAFTA on Monday, clinching a last-minute deal with South Korea that it hopes will bolster bilateral ties and re-energize the Doha Round of global trade talks. […]
The deal, which requires approval by lawmakers in both countries, is the biggest for Washington since the North American Free Trade Agreement signed in 1993, and is expected to lead to more than 90% of U.S. exports to South Korea being duty free within three years.
It is the biggest trade deal ever for South Korea, which in nearly 50 years has grown from one of the world’s poorest countries to become its 10th-largest economy. […] South Korea and the U.S. agreed to eliminate and lower tariffs and other trade barriers in a wide range of industrial goods and services, including automobiles, agricultural products and financial services.
The agreement also covered sectors such as e-commerce. (source: usatoday.com)
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»»Outsourcing Transportation to Mexico threaten US jobs
China’s entry into the WTO, the end of the Multifiber Act, along many other factors intervened lately on the global scene, have increased the importation in USA of cheap commodities from the Far East through the West Coast, making Los Angeles and Long Beach the largest ports in the country.
These two ports alone accounted for 68 percent of the West Coast total container units processed and are the largest employers in California.
Import transportation and distribution seemed to represent industries able to create new career opportunities, after the massive loss of jobs recorded in manufacturing due to deindustrialization and move of factories overseas.
However, it appears now that such industries could be offshored to Mexico. By taking advantage of the terms of the North American Free Trade Agreement (NAFTA), US companies are developing container terminals in Mexico and using that country as a land bridge and labor pool to deliver shipping containers to destinations in the United States at discount prices.
That raises fears about new job cuts in US. (Full story)
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