Tag Archives: NAFTA

In a Major Change, Obama Backs Free Trade with Colombia, Panama and South Korea by Gregory Hilton

NAFTA trade has increased steadily

NAFTA trade has increased steadily

In a major policy shift, President Obama is now pursuing efforts to secure free trade agreements with Colombia, Panama and South Korea. The shift was apparent at the recent Latin Summit where Obama had to endure anti-U.S. harangue’s from Nicaragua’s Daniel Ortega and Venezuela’s Hugo Chavez. Continue reading

There Will be No Obama Drama in Canada by Gregory Hilton

President Obama’s first foreign trip takes place tomorrow, and in a very wise move he is now back tracking on his campaign promise to renegotiate or pull out of the NAFTA Treaty. Hillary Clinton made her “shame on you” speech in response to Obama’s ad which portrayed her as an avid NAFTA supporter prior to the Ohio and Pennsylvania Democratic primaries.
Obama threatened to force the Canadians to renegotiate provisions of the statute — even if that meant unilaterally pulling out of the agreement. All of that has now been forgotten. He told the “NY Times” yesterday, “There’s $1.5 billion worth of trade going back and forth every day between the two countries. . . .It is not in anybody’s interest to see that trade diminish.”