Saturday, April 16, 2011

An interesting Mexico

We like Mexico blog 'Aguachile' and we really like the post put up there yesterday that you too can check out vis this link. Aguachile points the way to a new report on just how profitable the North American Free Trade Agreement (NAFTA) has been.....for The USA. Here's an excerpt:

* "Mexican farmers on average lost more than $1 billion per year during the nine-year period of 1997–2005, with more than half the losses suffered by the country’s embattled corn farmers"
* "Without exception, the United States exported {agricultural] products at prices below what it cost to produce them, one of the definitions of dumping under World Trade Organization rules."
* "The losses from U.S. dumping surpass the total value of Mexico’s annual tomato exports to the United States, widely touted as Mexico’s biggest NAFTA success story in agriculture."

Go read more here.