Sunday, July 18, 2010

Stupid question but what is something you can’t do without?

I asked this stupid question because this is something I saw this afternoon on the IFC and it’s frightening and I guess something we always take for granted is going to be there.  Just one more reason to love or hate the Government and NAFTA.

WATER, NAFTA, AND THE FTAA

What is the FTAA?
At the 1994 Summit of the Americas in Miami, Florida, the leaders of the 34 nations of Canada, the United States, Central and South America and the Caribbean (excluding Cuba), agreed to sign a hemisphere-wide trade and investment pact called the Free Trade Area of the Americas (FTAA). At this meeting, former President Bill Clinton pledged to fulfill former President George Bush’s dream of a trade agreement stretching from Anchorage to Tierra del Fuego. As envisioned, the FTAA would be the largest free trade zone in the world, as well as the most far-reaching trade and investment agreement ever signed. Newly elected President George W. Bush has committed to carry out his father’s dream. The FTAA is scheduled for completion in 2005. more

Chapter 3 of NAFTA establishes obligations regarding the trade in goods. Using the General Agreement on Tariffs and Trade (GATT) definition of a “good” which clearly lists “waters, including natural or artificial waters and aerated waters,” NAFTA adds in an explanatory note that “ordinary natural water of all kinds (other than sea water)” is included. Chapter 12 sets out a comprehensive regime to govern trade and investment in the service sector, including water services. Chapter 11 establishes an extensive array of investor rights, including investors in water goods and water services. Thus, under NAFTA, water is a commercial good, a service and an investment.more

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