Obama has not just backpedaled from his campaign commitments to renegotiate the North American Free Trade Agreement (NAFTA). He has ended up expanding the accord which will remove even more checks and balances on the exchange of capital, services, and goods.
Mexico faces two serious challenges: the deepest economic slowdown in Latin America and an explosion of drug-related violence. To the extent that these crises are getting any attention at all in the United States, the views are widely divergent.
On the one hand are those, including the U.S. military, who claim that Mexico is at risk of becoming a "failed state," a label typically reserved for truly "ungoverned spaces." Think Somalia.
When Mexico's ruling National Action Party (PAN) sought to privatise the country's oil industry, they presented this as the only way forward. But a referendum and a huge public outcry have shown a popular mood to defend the country's resources from the energy grab of transnational corporations, writes Manuel Perez-Rocha.
Mexico is engaged in one of the most pivotal debates in its modern history: the future of its oil industry. The question is whether oil operations should remain in state hands or be privatized.
The forthcoming secretive Security and Prosperity Partnership summit between Mexico, US and Canada will be attended by Wal-Mart, Chevron, and 28 other large corporations, while members of Congress, journalists, and ordinary citizens are excluded.
President George W. Bush will soon host what has become an annual “Three Amigos Summit.” The leaders of Mexico, the United States, and Canada will be gathering in New Orleans on April 21 and 22. What do you suppose is on the agenda? A rational response to immigration, perhaps?
The Mexico-EU FTA after seven years in force shows how the objectives that were announced during negotiations and that it purportedly promoted were nothing more than rhetoric in light of the evidence of economic and social impacts it has caused.