House Members Working to Repeal NAFTA
OPS_admin | Mar 12, 2010 | Comments 0
Legislation introduced in the House that would compel the president to withdraw from the North American Free Trade Agreement within six months is causing some consternation among Canadian officials who are worried that it may be a sign of a coming wave of protectionism ahead of the 2010 midterm elections.
“We are closely following this bill, of course,” Canadian International Trade Minister Peter Van Loan said, according to The Vancouver Sun. “Our evaluation is that this is certainly inconsistent with the direction that the Barack Obama administration has chosen.”
The effort, led by Democratic Rep. Gene Taylor of Mississippi, would require providing Canada and Mexico with a six-month notification of America’s intent to drop out of the trade pact. After that, the U.S. would be free to leave the tri-lateral agreement.
Full Story: House Members Working to Repeal NAFTA | Economy In Crisis.
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