Treaties: From Yukon to Yucatan

Congress authorizes Bush to negotiate a U.S.-Mexico free-trade pact that would create a $6 trillion market, but critics fear lost jobs and environmental woes

To hear George Bush tell it, a free-trade pact between the U.S. and Mexico would be the next best thing to a free lunch. Abolishing trade barriers between the two nations would unleash a flood of new investment that would create hundreds of thousands of jobs on both sides of the border and help stanch the tidal wave of illegal immigration from Mexico into the Southwestern states. The only downside would be temporary "dislocations" in a few American industries until they can adjust to new economic realities.

But to the President's equally passionate adversaries, the proposed North American free-trade agreement would...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!