Mark Drajem and Jens Erik Gould
Bloomberg
April 21, 2008
President George W. Bush and the leaders of Canada and Mexico will use a summit meeting today in New Orleans to defend free trade and their $930 billion in cross-border commerce against a political backlash. It won’t be easy.
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Canadian Prime Minister Stephen Harper and Mexican President Felipe Calderon have each made lowering trade barriers, cutting regulation and supporting the North American Free Trade Agreement a hallmark of their administrations, and will make the case with Bush for those policies.
“All three governments want to push back on the perception that Nafta is a disaster,” said Eric Farnsworth, vice president of the Council of the Americas, a business-backed group that will meet with the leaders tomorrow. “The overriding political imperative is the support of Nafta.”
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