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Tuesday, April 22, 2008

Bush says US should not walk away from NAFTA

By DEB RIECHMANN

NEW ORLEANS (AP) — President Bush chastised lawmakers on Tuesday for letting international trade deals falter in Congress and criticized Democratic presidential contenders for wanting to scrap or amend the vast North American free-trade zone.

At the close of a two-day summit, Bush, along with Mexican President Felipe Calderon and Canadian Prime Minister Stephen Harper, stood solidly behind the North American Free Trade Agreement. Under NAFTA, trade between the U.S., Canada and Mexico has swelled from roughly $290 billion in 1994 to an estimated $1 trillion by the end of this year.

"Now is not the time to renegotiate NAFTA or walk away from NAFTA," Bush said. "Now is the time to make it work better for all our people. And now is the time to reduce trade barriers worldwide."..............read more

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