Discussion in 'Economy' started by Annie, Jul 1, 2005.
Yay for free trade!!! I hope this passes.
Don't worry, it will.
I wonder how CAFTA as it relates to NAFTA farm subsidies will play out. There now will be increased agricultural pressure both from the north and the south for potentially less costly agricultural and food products. I can see this undermining many farming families in the United States from their traditional standard of living, while call into question the legality and/or economic viability of farm subidies or in Canada's case, the Canadian Wheat Board.
If over time US farmers do receive increased subsidies in whatever form, it will further weaken their position to sue other ag markets at the WTO like Canadian grain, barley and European imports.
Pretty interesting column by Tom Friedman on CAFTA
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