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the Mexican government to nationalize its banks and raise trade barriers, the present
government successfully resisted backsliding. Just as NAFTA supporters on both sides of
the border had predicted, the trade treaty helped to lock in Mexico's broader economic
reforms.
Food Safety No Cause for Alarm
Opponents of free trade and fast track have made an issue of food safety, arguing
that expanded agricultural trade with Mexico and other less-developed nations has
compromised U.S. health standards. The right response to any safety concerns should be
to improve inspection procedures, not to deny ourselves the obvious benefits of being
able to buy a wider range of fresh fruits and vegetables throughout the year at lower
prices. After all, food can pose a health hazard whether it is imported or produced
domestically, as the recent example of infected meat from a Nebraska plant
demonstrated. Using food safety as an excuse to close our doors to agricultural imports
could boomerang to hurt U.S. food exporters, who have also been accused of exporting
allegedly unsafe food.19
More Than NAFTA II
Without the renewal of fast-track authority, the United States will be unable to
move ahead on free-trade initiatives. Either the talks themselves will go nowhere, or
other nations will determine their shape while the U.S. government sits on the sideline.
Here are the major trade initiatives that depend on fast-track authority:
·
In December 1994, President Clinton and the heads of 33 other nations in the Western
Hemisphere met in Miami and agreed to pursue a Free Trade Area of the Americas by
2005. The agreement would remove artificial barriers to the movement of goods,
services, and capital throughout the hemisphere, in effect extending NAFTA to the
southern tip of South America. The United States has also pledged to Chile, the most
advanced and liberalized economy in Latin America, that it would be first in line to
become a full member of NAFTA. Without fast-track authority, Canada and the
nations of Latin America will continue to negotiate free trade agreements among
themselves, leaving the United States to confront discriminatory tariffs against its
exports.
·
In November 1994, representatives of the 18 members of the Asia Pacific Economic
Cooperation forum agreed to eliminate barriers to trade among the region's more
advanced economies by 2010, and among all APEC members by 2020. Without fast
track, the United States would be unable to participate in any formal negotiations for
the mutual elimination of trade barriers in a region that includes the world's fastest
growing markets.
·
Multilateral talks on eliminating barriers to trade in agriculture will begin in 1999, as
agreed in the Uruguay Round of GATT. If the United States--the world's largest
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