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N0KFQ > TODAY 08.12.10 19:16l 32 Lines 1117 Bytes #999 (0) @ WW
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Subj: Today in History - Dec 8
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Sent: 101208/1642Z @:N0KFQ.#SWMO.MO.USA.NA #:22877 [Branson] FBB7.00i $:22877_N
From: N0KFQ@N0KFQ.#SWMO.MO.USA.NA
To : TODAY@WW
Dec 8, 1993:
NAFTA signed into law
The North American Free Trade Agreement (NAFTA) is signed into
law by President Bill Clinton. Clinton said he hoped the
agreement would encourage other nations to work toward a broader
world-trade pact.
NAFTA, a trade pact between the United States, Canada, and
Mexico, eliminated virtually all tariffs and trade restrictions
between the three nations. The passage of NAFTA was one of
Clinton's first major victories as the first Democratic president
in 12 years--though the movement for free trade in North America
had begun as a Republican initiative.
During its planning stages, NAFTA was heavily criticized by
Reform Party presidential candidate Ross Perot, who argued that
if NAFTA was passed, Americans would hear a "giant sucking sound"
of American companies fleeing the United States for Mexico, where
employees would work for less pay and without benefits. The pact,
which took effect on January 1, 1994, created the world's largest
free-trade zone.
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