Lessons for the Trans-Pacific Partnership

Click here to access article by Mark Weisbrot from The Cipher Brief. 

There are many lessons from the North American Free Trade Agreement (NAFTA) that are relevant to the current debate over the Trans-Pacific Partnership (TPP). First, like the TPP, NAFTA was never mostly about trade and even less about free trade. In 1994, the U.S. already had low tariff barriers to Mexican goods. The agreement was much more about creating and expanding new rights and privileges for investors, mostly multinational corporations.