Thread: Bush signs Peru free trade pact

Gosh, so much for repealing NAFTA. Bush is setting things up nicely for Obama to not only continue, but to expand the "free trade" nightmare.

On an interesting note, I check the latest headlines from BBC news several times a day. When a new headline is on the list, it is usually visible for a good 24 hours, sometimes longer. I spotted this particular headline late last night around 1AM. It is now gone. Hmmm......
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BBC NEWS
Bush signs Peru free trade pact

US President George W Bush has signed off a free-trade pact with Peru despite strong opposition from ecologists and labour-rights activists.

Four days before handing over to Barack Obama, he signed a proclamation enacting the pact on 1 February.

The pact was concluded nearly three years ago but concerns over Peru's environmental policies had held up its approval in the US.

The Peruvian government is accused of putting the Amazon rain forest at risk.

Peru is the 14th country to have signed a free-trade pact with the US since Mr Bush took office eight years ago.

Relief in Lima

Earlier this week, Democrats in the US Congress and development organisations said Peru had still not fulfilled key obligations to improve its labour rights and environmental standards and urged Mr Bush not to sign the deal.

In Peru, opposition lawmakers point to a newly amended forestry law backed by Mr Garcia, which allows large swaths of rain forest to be converted into biofuel projects if they are deemed "a matter of national interest".

"The new law means 70% of the Amazon runs the risk of deforestation," Roger Najar, head of the indigenous caucus in Peru's Congress, told the Associated Press news agency.

Perus' Environment Minister, Antonio Brack, said Mr Najar was misinterpreting the new law.

The Peruvian government will be relieved that Mr Bush has signed off the pact, the BBC's Dan Collyns reports from Lima.

It was worried that if the pact had been left to a new US administration focused on fighting a recession and saving jobs at home, it could have been delayed for another six months.

For Peru, the deal will expand the duty-free access it has had to the US market since the early 1990s.

In return, it will eliminate duties on more than three-quarters of US industrial and consumer products, and more than two-thirds of its agricultural exports.

Peruvian farmers have protested that the deal will flood the domestic market with subsidised US imports, undercutting home-grown agricultural produce.

There is also concern that with Peru opening its markets to US companies, poor Peruvians will be unable to afford expensive imports such as medicine.

Meanwhile Peru is hedging its bets as it sees the US, its leading trading partner, facing a financial crisis, our correspondent says.

With several other bilateral deals under its belt, it is pinning its hopes on the Asian market and expects to close trade pacts with China, South Korea and Japan this year.

Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/a ... 834820.stm

Published: 2009/01/17 04:02:11 GMT

© BBC MMIX

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Peruvian farmers have protested that the deal will flood the domestic market with subsidised US imports, undercutting home-grown agricultural produce.

There is also concern that with Peru opening its markets to US companies, poor Peruvians will be unable to afford expensive imports such as medicine.

Looks like things are setting up nicely for an expansion of Peruvian illegal aliens inside the United States. I hope Mexico can keep them from reaching our borders (insert sarcasm) because Lord knows, once they reach our border they're home free.

Peru is a very poor country. How are they going to be able to afford anything from America? Looks like it will be another one on those trades that floods the American market with cheap products forcing more American companies workers out of business and more American out of work.

Originally Posted by bigtex

Peru is a very poor country. How are they going to be able to afford anything from America? Looks like it will be another one on those trades that floods the American market with cheap products forcing more American companies workers out of business and more American out of work.

BINGO!!!

Originally Posted by bigtex

Peru is a very poor country. How are they going to be able to afford anything from America? Looks like it will be another one on those trades that floods the American market with cheap products forcing more American companies workers out of business and more American out of work.

Yeah Bush's final gift to us ......what a horrific legacy of betrayal he leaves.

Originally Posted by April

Originally Posted by bigtex

Peru is a very poor country. How are they going to be able to afford anything from America? Looks like it will be another one on those trades that floods the American market with cheap products forcing more American companies workers out of business and more American out of work.

Yeah Bush's final gift to us ......what a horrific legacy of betrayal he leaves.

And the worst part is that he won't have to answer or pay for a single wrong he has done.

Originally Posted by cayla99

Originally Posted by April

Originally Posted by bigtex

Peru is a very poor country. How are they going to be able to afford anything from America? Looks like it will be another one on those trades that floods the American market with cheap products forcing more American companies workers out of business and more American out of work.

Yeah Bush's final gift to us ......what a horrific legacy of betrayal he leaves.

And the worst part is that he won't have to answer or pay for a single wrong he has done.

Maybe not in this lifetime..... but there will be a judgment he cannot avoid and there can be nothing hidden from that Judge and there will be no dream team to defend Bush's evil deeds.

April wrote:

Yeah Bush's final gift to us ......what a horrific legacy of betrayal he leaves.

Yep, Bush asked for it and a Democrat controlled U.S. Congress gave it to him.

Disillusioned, thank you for your post . On Ron Paul News, there is a video that is pretty clear on how the trade agreements and the WTO lead to World Government under the UN. So if you have any time see what you think.

http://ronpaulnews.net/2008/12/ftaa-and ... er-un.html

Originally Posted by bigtex

Peru is a very poor country. How are they going to be able to afford anything from America? Looks like it will be another one on those trades that floods the American market with cheap products forcing more American companies workers out of business and more American out of work.

Yep, and thats exactly what they intend to do...turn us all into third world
countries with two classes...guess who will be the worker bees at the
bottom!

Im getting a gut full!!!!!