Tuesday, 31 December 2013

Canada US Free Trade Deal turns 25

Free Trade sounds like a great theory. In practice it does not work for society because there is no fair trade. The corporations use free trade to whipsaw workers to the lowest common denominator.

As the Star reports:

Post-FTA/NAFTA, Canada has regressed to its traditional status as a resource exporter. Exports of unprocessed and barely processed resources now account for almost two-thirds of Canada’s goods exports, from 40 per cent just before the turn of the century. Value-added products have shrunk from almost 60 per cent of exports to roughly one-third in 2012.

Canada would have been much better off without the free trade agreement with the US. We should have made free trade with Europe and joined the EU instead.

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