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Context of 'December 10, 1993: Clinton Signs North American Free Trade Agreement'

This is a scalable context timeline. It contains events related to the event December 10, 1993: Clinton Signs North American Free Trade Agreement. You can narrow or broaden the context of this timeline by adjusting the zoom level. The lower the scale, the more relevant the items on average will be, while the higher the scale, the less relevant the items, on average, will be.

In preparation for the North American Free Trade Agreement (NAFTA), Mexico opens up its financial services to foreign ownership. By 2000, 85 percent of the banking system will be owned by foreign entities and lending to Mexican businesses will have dropped from 10 percent of the GDP to 0.3 percent. [Jones, 3/2007, pp. 3]

Entity Tags: Mexico

Timeline Tags: Neoliberalism and Globalization

The North American Free Trade Agreement Implementation Act (H.R. 3450) is voted on by the US House of Representatives and passes 234-200. [US Congress, 11/17/1993] It is later estimated that Congresspersons who voted in favor of H.R. 3450 received an average of $8,018 more in corporate PAC contributions than those who voted against. [Francia, 1/2001, pp. 98, 103]

Entity Tags: North American Free Trade Agreement, US Congress

Timeline Tags: Neoliberalism and Globalization

US President Bill Clinton signs the North American Free Trade Agreement (NAFTA), which he says will “tear down trade barriers between” the US, Canada, and Mexico. [US President, 12/8/1993]

Entity Tags: William Jefferson (“Bill”) Clinton, North American Free Trade Agreement

Timeline Tags: Neoliberalism and Globalization

White supremacists, right-wing anti-government organizations, and others, including many members of the so-called “Patriot Movement” (see February 1992) are enraged over the implementation of the North American Free Trade Agreement (NAFTA). According to the Southern Poverty Law Center, they see NAFTA as “reflecting the growing power of a global elite, or New World Order” (see September 11, 1990). [Southern Poverty Law Center, 6/2001]

Entity Tags: Southern Poverty Law Center, North American Free Trade Agreement

Timeline Tags: US Domestic Terrorism

Venezuelan President Hugo Chavez declares that the US-sponsored project, the Free Trade Agreement for the Americas (FTAA), is dead. Chavez says that a new model will be put in place to increase trade between Venezuela, Argentina, and Brazil regardless of the US government’s position. Chavez says that eventually a new organization similar to NATO will be established for the countries of South America. [VHeadline, 3/4/2005]

Entity Tags: Hugo Chavez Frias

Timeline Tags: US International Relations, US-Venezuela (1948-2005)

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