What are the implications for people in the U.S. and Latin America?
President Bush needs Fast Track to push through more NAFTA style agreements like “NAFTA for Central America” or the FTAA without first getting popular consent. These agreements would result in lower wages, less job stability, a weakening of workers’ rights and a more polluted environment. Since passing NAFTA, average wages in the U.S. have decreased by 16% and the poverty rate in Mexico has increased. NAFTA resulted in the net loss of hundreds of thousands of jobs in all the countries involved (the United States, Canada, and Mexico). • So, what are NAFTA for Central America and the FTAA? NAFTA for Central America: a free trade agreement between the U.S., El Salvador, Honduras, Guatemala and Nicaragua. Essentially, the agreement will extend NAFTA (using NAFTA language) to Central America. Such an agreement will benefit only multinational corporations at the expense the people of Central America. Even worse, NAFTA for Central America is one of the first steps towards implementing FTAA (F
