U.S. Threatens to Revoke Trade Preferences from Left-Leaning South America

[bridgit]

'LIMA, Peru - The Bush administration has announced it may revoke trade preferences from three large South American countries in a move some experts believe is designed to pressure them to consent to free trade agreements with the United States.

For over 30 years, trade preferences have enabled underdeveloped countries to export products to developed countries without paying tariffs or customs fees. The U.S. established its trade preferences program--called the General System of Preferences (GSP)--in 1976, and has renewed it eight times, most recently in 2002.

The three countries most likely to lose trading preferences with the United States--Argentina, Brazil, and Venezuela--have said U.S. proposals to open a giant free trade zone among the countries of North and South America unfairly favor U.S. companies.' http://www.commondreams.org/headlines06/0906-04.htm

free trade my ass, bush hasn't a single good idea, so he tips the whole game board...what a duuph :thumbsdown: