voted for approval of the North American Free Trade Agreement (NAFTA), for approval of the creation of the World Trade Organization, and for permanent normal trade relations for China. [...] The Soviet Union chose not to participate in the new global arrangement, the General Agreement on Tariffs and Trade (GATT); when the Communists took power in Beijing, China withdrew from the agreement. [...] The disintegration of the Soviet Union, in 1991, was viewed as a sign of the superiority of the liberal economic model, which promoted market forces to determine competitive outcomes (with guardrails to avoid excesses) and advanced the cause of political freedom. [...] On July 8, 2022, Ambassador Tai and Canadian Trade Minister Mary Ng met and “highlighted the importance of the US-Canada economic relationship and reiterated their commitment to a full implementation of the USMCA.” In a meeting with Mexico’s Secretary of Economy Raquel Buenrostro, Ambassador Tai highlighted the importance of US-Mexico economic relations and continued implementation of the USMCA. [...] Was the World Trade Organization the Problem? Critics of neoliberalism will not find a headlong rush to trade liberalization in the historic record of the WTO.
Authors
- Pages
- 17
- Published in
- United States of America