An accord that would be the largest trade agreement ever negotiated appears to be rolling back environmental safeguards that have been a key part of U.S.-led trade deals for much of the past decade.
Twenty years after it took effect, NAFTA has failed the vast majority of Mexicans.
Internal government documents leaked Monday offer a sombre picture of ongoing negotiations towards a major free-trade area covering much of the Pacific Rim. The area is a key objective for the administration of President Barack Obama but has been harshly criticised by a broad spectrum of global civil society.
Between concluding rounds of negotiations towards the Trans-Pacific Partnership (TPP), a major U.S.-proposed free trade agreement, a divisive fight has heated up over the extent to which countries should be allowed to regulate the sale of foreign – potentially far cheaper – tobacco products.
Two new trade agreements involving the two economic giants, the United States and the European Union, are leading a charge against the role of the state in the economy of developing countries.