Do More With Reuters
Partner Services

Bush defends NAFTA, presses for Colombia vote

Thu Feb 28, 2008 9:57pm IST
 
Email | Print | | Single Page
[-] Text [+]

WASHINGTON (Reuters) - President George W. Bush criticized Democratic presidential candidates on Thursday for suggesting the United States could "opt out" of the North American Free Trade Agreement and urged Congress to boost U.S. exports by approving a trade deal with Colombia.

"There are a lot of farmers and businesses, large and small, who are benefiting from having a market in our neighborhood. And the idea of just unilaterally withdrawing from a trade treaty because of, you know, trying to score political points is not good policy," Bush said during a White House press conference.

During a presidential campaign debate earlier this week in Ohio, both Democratic Sens. Hillary Clinton and Barack Obama criticized NAFTA and said the United States could opt out of the agreement if Mexico and Canada don't agree to renegotiate labor, environmental and investment provisions of the pact.

The candidates were responding to the strong view of many Ohio voters that the 14-year-old agreement is responsible for many manufacturing job losses in that state, which holds a crucial presidential voting contest on Tuesday.

Bush warned withdrawing from the pact would hurt U.S. farmers and businesses who export around $380 billion worth of goods to Canada and Mexico each year and said a signal that the United States does not honor its trade commitments.

Canadian and Mexican official have also expressed alarm at the idea of renegotiating the pact.

"It would be like throwing a monkey wrench into the engine of North American competitiveness," Arturo Sarukhan, Mexico's ambassador to the United States, told the Financial Times in a story published on Thursday.

Bush also warned that congressional rejection of an unpopular free trade pact with Colombia would damage U.S. national security interests in the Latin American region and said he expected lawmakers to vote on the pact soon.

"The Colombia free trade vote is coming up," Bush said.  Continued...

REUTERS WEEKEND

Glory for Big B

Lifetime award for Bollywood actor Amitabh Bachchan.  Video 

'Trashy' Affair

Beijing man turns unwanted plastic bags into kites.  Video 

 
The new Droid phone, a Motorola Inc. and Verizon Wireless phone based on Google Inc's Android 2.0 system, is shown at a media event in New York October 28, 2009.REUTERS/Brendan McDermid
Motorola Droid

Not the Droid you’re looking for?  Blog 

View of the Casa Poporului or House of the People, now the Parliament Palace, in downtown Bucharest November 6, 2009.  REUTERS/Bogdan Cristel
Travel Postcard

48 hours in Bucharest for architecture buffs.  Full Article 

 
Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

Photo
Photo
Miss England gives up crown over brawl reports Friday, 6 Nov 2009 

LONDON (Reuters) - Beauty pageant winner Miss England gave up her title on Friday after reports she had been involved in a nightclub brawl with another beauty queen.  Full Article