Crown Prince receives calls from British PM and French President    Saudi, U.S. foreign ministers discuss strategic ties and regional developments in Washington    Al-Jadaan: Arab countries must measure the impact of increasing financial pressures    Saudi Arabia to resume direct flights to Syria soon    Flights and ferries suspended across Greece as unions call 24-hour general strike    Saudi Arabia's Industrial Production Index down 0.2% in February    AlUla joins IMD World Smart Cities Index 2025    Riyadh's Malham Airport designated for general aviation operations    El Salvador says it shares gang intel with the US    Israeli soldiers reveal systematic destruction to create Gaza buffer zone    US-China rivalry over Panama Canal sparks tensions, leaving Panama caught in war of words    Macron announces potential recognition of Palestinian state in coming months    Sabiri strike gives Al Taawoun narrow first-leg win over Sharjah in ACL Two semi-final    Douglas Gauthier appointed CEO of the Royal Arts Complex in Riyadh's King Salman Park    King Abdulaziz Library unveils 400 rare Qur'an manuscripts    Nightclub collapse kills 79 in Dominican Republic's capital    Woman becomes first in UK to give birth after womb transplant    Women make up 20% of e-sports players in Saudi Arabia    Pakistani star's Bollywood return excites fans and riles far right    Saudi U-17s qualify for 2025 FIFA World Cup after win over Thailand    Benzema rescues Al Ittihad with stoppage-time equalizer in thrilling Jeddah Derby    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



White House Defends Nafta Trade Agreement Against Democratic Attacks
Published in Saudi Press Agency on 18 - 04 - 2008


The White House on Friday vigorously
defended the 14-year-old free-trade agreement among the
United States, Mexico and Canada against sharp criticism
from Democratic presidential candidates Hillary Rodham
Clinton and Barack Obama, according to ap.
«There's nothing broken. Why fix it?» said Dan Fisk,
senior director of Western hemisphere affairs for National
Security Council. He acknowledged the administration must
do a better job of explaining the benefits of the
agreement.
Both Clinton and Obama have threatened to pull out of the
North American Free Trade Agreement to pressure Canada and
Mexico to negotiate more protections for workers and the
environment in the agreement. The accord has removed most
barriers to trade and investment among the three countries.
NAFTA will be a major topic when President George W. Bush
joins Canadian Prime Minister Stephen Harper and Mexican
President Felipe Calderon in New Orleans on Monday and
Tuesday for his fourth and final North American Leaders'
Summit.
Bush has suffered a major setback on the trade front with
the derailing of a proposed free-trade pact with Colombia.
Bush sent the agreement to Congress earlier this month, but
the House of Representatives, led by Democrats, decided to
eliminate a rule forcing a vote on the deal within 60
legislative days. The House's decision probably kills
consideration of the agreement this year, leaving it for
the next administration.
«Leaders in Congress have made a serious error,» Bush
said in a speech. «A serious error for economics reasons.
A serious error for security reasons. It's not too late,
however, for them to get it right.»
On NAFTA, the White House contends the agreement has been
a boon for the economies of all three countries. Three-way
trade has swelled from roughly $290 billion (¤183.78
billion) in 1994 to about $1 trillion (¤630 million) by the
end of this year, Fisk said at a briefing on next week's
summit.
«We think NAFTA works,» he said. Fisk said the criticism
from the campaign trail has gotten a lot of attention from
U.S. trading partners. «Some of the statements that have
been made here have made bigger headlines in Canada and
Mexico than they have here,» he said.
«We want to find ways to, frankly, convince the American
people from our perspective first and foremost that this is
an arrangement that has worked for us and it's also worked
for our neighbors,» he said. «It's been a win-win
situation.»


Clic here to read the story from its source.