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 Business News | December 2007 
Legislators: NAFTA Means Mexico Economic Death
 Prensa Latina
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Mexico City - Legislators from several political parties said that after the North America Free Trade Agreement in its agricultural sphere come into effect, millions of Mexican farmers will economically die.
According to the document signed by Mexico, United States and Canada, only four days before eliminating duty on import of corn, bean, milk, sugar and other subsidized food congressmen warned on the crisis in which the local agriculture will enter.
Deputies from the Democratic Revolutionary Party Juan Guerra Ochoa and Emilio Ulloa noted that farmers will be overwhelmed by the disproportion existing with US products which are backed by their government.
Guerra explained that besides local products, final consumers will be also affected by price rise in food, shortage afterwards, and speculation at the end.
Ulloa criticized official policy in this respect for not adopting a position to face the damages the full validity of NAFTA will cause.
Meanwhile, the group of work of the Senate that analyzed the issue demanded the Executive to adopt the necessary juridical regulations to force renegotiating NAFTA, with the view to avoid the destruction of Mexico rural economy. |
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