NAFTA is 20.
20 years ago on January 1, 1994, President Clinton signed NAFTA (North American Free Trade Area). Agreement proponents had declared that 170,000 American jobs would be created, exports of American farm products would increase, food prices would decrease, the American balance of trade would be improved. the Mexican economy would be uplifted to be a first class level of prosperity and more.

Public Citizen's Global Trade Watch's new report, NAFTA at 20, points to quite different results. Instead of job creation, we see one million US jobs lost; the lost jobs caused a downward pressure on American wages, thereby increasing inequality within the United States; food prices went up; the US balance of trade with both Mexico and Canada moved from small surplus' to deficits; American manufacturers moved their production south of the border (and later out of Mexico to China and now the new low wage nation of Vietnam); and many environmental and health laws have been challenged in private trade tribunals. The United States has become less food sustainable. Mexican immigration into the US doubled. Read the report yourself here. Listen to or watch Democracy Now! interview with Lori Wallach of Public Citizen on January 3rd, 2014 here. Click here for a list of investor suits challenging laws and regulations under various of these so-called "Free trade Agreements."

NAFTA to become the Trans Pacific Partnership