NAFTA and WEFLA
Published on: Mar 3, 2016
Transcripts - NAFTA and WEFLA
Paper presented by Abdelhamied ElRafie For the Masters Program On International RelationsAbout The Relation between The NAFTA Summit andThe World Economic Forum meeting on Cancun
The Join press release between Presidents of Mexico and Ecuador stated that :“We repeat our total support of the contents and mandates of the Resolution unanimouslyadopted on March 17, 2008 by the 25th Consultation of the OAS Ministers of ForeignAffairs, which rejected the violation of Ecuadorian sovereignty and repeated thehemispheres commitment to the basic principles of respect for sovereignty and non-interference with states internal affairs and regional cooperation against groups outsidethe law and entrusted the Secretary General of the OAS to make every effort to complywith this Resolution and contribute to the creation of a climate of trust that will normalizerelations between Ecuador and Colombia.We both support the efforts of the OAS Secretary General and hope that they willconstitute a starting point for a renewed bilateral relationship between Ecuador andColombia that will preserve the interests of the two countries, with respect for theirsovereignty and territorial integrity; promote the development of a positive bi-nationalagenda in the economic, social and cultural fields and encourage cooperation in the fieldof security and fighting organized crime, with respect for international law and the lawsof each country.We send our condolences to the families of our fellow countrymen who lost their lives onMarch 1, 2008 who, beyond personal circumstances, enjoy rights protected by ourrespective laws and we express the will of our governments to support, as far as possible,their demands for justice, and in this respect, to ensure that the investigations undertakenby the judicial authorities on these unfortunate events are completed as soon as possible”.The NAFTA Summit:President Bush used a summit meeting on the 23rd of April with the leaders of Mexicoand Canada to push for congressional approval of a controversial free-trade pact withColombia and to reiterate his belief that the struggling US economy is not experiencing arecession.President Calderón also indicated he would like to see Congress approve the Colombiadeal. "Its extremely important, I think, to bear in mind that when you provide moreopportunities for trade in the Latin American region, there will be many moreopportunities for prosperity," he said.As part of his economic legacy, Bush has been hoping to end his term with approval offree-trade deals with Colombia, Panama, and South Korea, but the proposals have metresistance from congressional Democrats. Although the Colombia trade deal would lifttariffs on various US products, organized labor and human rights activists have saidBogota has not done enough to curb the killings of labor union members, an accusationthe administration disputes.Under US law, Congress has 60 days to consider a trade deal. But after Bush sent theColombia deal to Capitol Hill this month, Pelosi gained approval for a rule change that
effectively halted the clock on consideration of the pact. She said the trade deal did nothave the votes to pass and other economic legislation was more pressing.The World Economic Forum on Latin America:The Report issued by the forum stated that “ This year took place as the world focusedwith perplexity and concern on the global financial turbulence and its potential risks andserious implications for the world economy. This unique gathering also took place as theregion closed a five-year cycle of economic growth of over 5% per annum, income percapita growth of over 3% per annum, international reserves of over US$ 450 billion,poverty rates reduced from 44% to 35%, and FDI inflows having reached US$ 95 billionin 2007.While the region’s economy has performed well, the enormous social challenges it isconfronting demand continued efforts to make growth more inclusive. The 500 leadersfrom business, government and civil society from over 40 countries turned the WorldEconomic Forum on Latin America into an exceedingly relevant gathering. Together thisunique multistake holder group evaluated the trends and changes in the global economy,in the political arena, in trade relations between Asia and Latin America as well asdevelopments affecting investment to stimulate regional growth and the search forinnovation in business and social affairs. The agenda included a regional overview ofbusiness and political strategies in five spheres: geopolitics; competitiveness; energysecurity; growth with income distribution; and innovation related to security, climatechange and the preservation of biodiversity “.Final Analysis:The dispute between Ecuador and Colombia is protracted and became a multi partydispute but concerning one third party like Mexico it’s a very complicated issue , fromone hand it has its citizens killed so there is an internal pressure for the weak response bythe government ,on the other hand it has its complicated relations with Colombia as wehave seen in the part of the NAFTA summit in this paper that Calderon is supporting theFT A between the US and Colombia , Finally The WEFLA meeting in Cancun as its clearfrom the preface of the report quoted in the third part of the paper holds the values of freetrade and acknowledges the facts of social challenges but it supports strongly the path ofGlobalization values .