For Immediate Release

Organization Profile: 
Contact: 

Darcey Rakestraw, 202-683-2467; drakestraw@fwwatch.org

NAFTA-Lite Trade Announcement Likely to Conceal Deregulatory Corporate Giveaways

Statement by Wenonah Hauter, Executive Director, Food & Water Watch

WASHINGTON - “The Trump administration’s announcement that it has completed a ‘new and improved’ replacement for the North American Free Trade Agreement (NAFTA) should be taken with more than a grain of salt. A vague description of a bilateral deal with Mexico alone (the U.S.-Mexico Trade Agreement) was announced in the White House today, with an eye toward forcing a reluctant Canada to the negotiating table. But we have no confidence that the Trump administration will truly address the many flaws in NAFTA.

“The devil resides in the details of these corporate-driven free trade deals, and we expect that the fine print will include the kind of pro-polluter, pro-fossil fuel industry, pro-Wall Street deregulation that has been a hallmark of Trump’s domestic agenda. These rumored trade provisions would codify the administration’s savage attacks on environmental protection, food safety and consumer rights into trade deals that enshrine and globalize deregulation, making it harder to restore U.S. environmental and consumer protections once this administration is shown the White House door.

“We need a new trade agenda that puts people, communities and the environment ahead of corporate profits. Today’s announcement is most likely a deregulatory wolf in fair-trade sheep’s clothing. The public is right to be skeptical of today’s announcement.”

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