Statement of Food & Water Watch Executive Director Wenonah Hauter
Washington, D.C. — “The White House’s announcement today that it would begin renegotiating the North American Free Trade Agreement (NAFTA) presents more perils than promise. The 25-year old corporate free trade pact has cost hundreds of thousands of jobs, given foreign corporations like TransCanada broad new powers to challenge U.S. environmental protections and exposed consumers to risky imported foods.
“Trump campaigned against the free trade deals like NAFTA that have shuttered factories and exacerbated economic inequality and he withdrew from the even more corporate-friendly Trans-Pacific Partnership after he took office. But the administration’s actions have not lived up to its rhetoric on U.S. trade policy and now the White House is signaling that NAFTA needs only minor tweaks instead of a major rewrite.
"Re-opening the flawed NAFTA could fix old problems or create new ones. NAFTA desperately needs a top-to-bottom overhaul that puts the interests of communities, workers, consumers and the environment ahead of corporations. But the wing of the White House that’s influenced by Wall Street seems eager to use the renegotiation as a vehicle to insert the worst deregulatory provisions from the scuttled TPP into a new, even worse NAFTA.
“The White House has rewarded big business, big banks and big oil with rampant deregulation and promised lavish corporate tax cuts. The broad-based coalition of labor, environmental, farm and consumer groups that blocked the TPP will fight to prevent NAFTA renegotiation from becoming just another corporate giveaway.”
Contact: Kate Fried, Food & Water Watch, (202) 683-4905, [email protected]