President George W. Bush will soon host what has become an annual “Three Amigos Summit.” The leaders of Mexico, the United States, and Canada will be gathering in New Orleans on April 21 and 22. What do you suppose is on the agenda? A rational response to immigration, perhaps? A thoughtful renegotiation of the unpopular North American Free Trade Agreement? Lessons from Canada’s affordable medicines program?
No. No. And no. Rather than putting their heads together around pressing issues such as these, the three leaders will be advancing a so-called Security and Prosperity Partnership (SPP). And while that may sound well and good, this initiative, begun in 2005, is unlikely to produce either security or prosperity. That’s because the partnership is only with big business.
The chief executives of Wal-Mart, Chevron, and 28 other large corporations are in on the closed-door negotiations, while members of Congress, journalists, and ordinary citizens are excluded. And the secrecy is not just around the presidential summits, but also the meetings of about 20 SPP working groups that carry on negotiations over the course of the year.
What’s on the table? Not much is public, but we do know that the executive powers of the three countries are hammering out regulatory changes that they claim do not require legislative approval. And given who’s in the room, it’s a safe bet that these changes will favor narrow corporate interests over the public good.
The official corporate advisory body, called the North American Competitive Council (NACC), made 51 proposals to the SPP negotiators last year on issues as varied as taxation and patent rights. The NACC later boasted that “all three of our governments have committed themselves to taking action on many of our recommendations.”
Bad on Process and Substance
In essence, the SPP represents the privatization of policymaking. And so it’s not surprising that on top of the outrageously anti-democratic process, there are also strong reasons to be concerned about the substance of SPP decisions. Here are just a few:
First, at a time when the Democratic presidential candidates have kicked up a long overdue debate over NAFTA, the SPP would actually expand this flawed policy. Even though the lifting of trade and investment barriers under the trade pact failed to create the promised good, stable jobs, the SPP is further chipping away at remaining economic regulations. For example, at the last SPP summit, the three leaders announced a weakening of NAFTA’s “rules of origin” to allow products with a lower level of national content to receive preferential tariff treatment. This will undermine domestic industries by making trade in products from third countries like China even more profitable.
http://www.fpif.org/fpiftxt/5152