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The Balance of Trade
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October 19, 2007

As Bill Moyers remarks in his trade essay this week:

"When President Bush came into office, the U.S. had trade agreements in force with three countries. Now the number is fourteen. Like Bill Clinton before him, this president is an evangelist for the gospel of free trade, a true believer. but the congregation is growing restless...

Increasing numbers of Americans have come to believe that free trade is not fair trade. The President is having to make many more pitches to try to sell some new trade agreements he wants with Latin American countries."

Here are some of the latest articles on the controversial trade deals:

Democrats Talk Sense to Democrats
NEW YORK TIMES, Editorial, October 7, 2007
"At home, the trade pacts would provide opportunities for American exporters and help create jobs. In Latin America, the pacts would contribute to economic growth, shake off dependence on the narcotics trade and cement relationships in a region where Washington's influence is increasingly trumped by the well-oiled diplomacy of Venezuela's Hugo Chavez."

Republicans Grow Skeptical On Free Trade
By John Harwood, THE WALL STREET JOURNAL, October 4, 2007
"By a nearly two-to-one margin, Republican voters believe free trade is bad for the U.S. economy, a shift in opinion that mirrors Democratic views and suggests trade deals could face highFree Trade hurdles under a new president."

Secretary Rice on Trade Deals
Watch Secretary Rice speak at the Organization of American States (OAS) Building, hosted by the Council on Foreign Relations, October 9. 2007.

The Costa Rica Deal

Costa Rica appears to seal CAFTA
By Marla Dickerson, LA TIMES, October 8, 2007
"Many blamed a campaign of dirty tricks by CAFTA backers in the nation and unrelenting pressure from the United States for scaring voters into backing the deal."

U.S. warns Costa Rica against rejecting CAFTA
By Doug Palmer, REUTERS, October 4, 2007
"Costa Rica could lose valuable access to the U.S. market if the country rejects a free-trade agreement with the United States when voters go to the polls on Sunday, a top U.S. official said."

Read the full CAFTA text
From the Office of the United States Costa Rica ArticleTrade Representative, read the original CAFTA text including amendments, letters, and additional documents.

Senator Bernie Sanders and CAFTA
From Senator Sanders' Web site, read recent WALL STREET JOURNAL editorials criticizing his actions related to trade and Costa Rica, and read the Senator's response.

The Peru Deal

Senate committee approves U.S.-Peru trade deal
By Doug Palmer, THE BOSTON GLOBE, October 6, 2007
"The U.S. Senate Finance Committee on Thursday approved a free trade deal with Peru that contains groundbreaking labor and environmental provisions demanded by Democrats after they captured Congress last year."

US-Peru deal seen as 'a breakthrough'
By Alan Beattie, THE FINANCIAL TIMES, September 20, 2007
"The proposed US-Peru trade agreement represents more than a somewhat limited deal with one of America's smaller trading partners."

Peru Map U.S.-Peru Trade Promotion Agreement Hearing
On September 11, 2007, the Senate Finance Committee held a hearing on the pending US - Peru trade deal. Read testimony from Michael Kantor, partner of Mayer Brown, Thea Lee, Policy Director and Chief International Economist, AFL-CIO, and others.

Commerce Between Friends and Foes
THE ECONOMIST, October 4, 2007
"The United States may finally ratify a trade deal with Peru. But pan-American trade diplomacy remains a mess."

The Panama Deal

Tax Justice Network
This trade watchdog group recently published a report that questions United States interests in Panama.

Panama Trade Promotion Agreement
Read the fine print of this agreement from the Office of the US Trade Representative.

Published on October 5, 2007

Related Media:
Trade Talks
John R. MacArthur, author of THE SELLING OF 'FREE TRADE': NAFTA, WASHINGTON, AND THE SUBVERSION OF AMERICAN DEMOCRACY shares his thoughts on this week's closed door negotiations on a new trade deal.

Lori Wallach, Director of Public Citizen's Global Trade Watch
Lori Wallach on the secret trade deal negotiated by leaders of the Democratic Party and its implications for labor unions, consumer groups and the environment.

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