Has free trade fulfilled its promise?
The Canadian ‘free trade’ experience as seen from Colombia
March 2, 2008
By Mario Alejandro Valencia – RECALCA
“The study concludes by indicating that in Canada over the last 20 years, it has been large companies and their top executives that harvested the profits of the economic growth while simultaneously benefiting from enormous tax breaks. In contrast, the vast majority of Canadians have not prospered as a result of free trade….Keep in mind that all this happened in Canada, home to one of the world’s most industrialized economies. One can only imagine what would happen if Colombia was to enter into a FTA with the United States.”
