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Mexico, for example, has noted the galling failure of NAFTA to create a manufacturing hub anything like as vibrant as East Asia's.
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Russia's goal is not to create another North American Free Trade Agreement (Nafta).
President Bush has stressed the need to expand ties with Latin American leaders and has pushed a plan to create a hemispheric free trade zone modeled on Nafta.
The way to do that, Bollyky said, is to create common standards for industries, setting minimum labor rules on work hours, and safety and health conditions for NAFTA countries.
The Bush administration officially opened negotiations today to create a free trade agreement with five Central American countries within a year, a big leap in its ambitious plans for a Nafta-like zone throughout the Western Hemisphere.
The North American Free Trade Agreement (Nafta), was promoted and passed by Bill Clinton – who also repealed the Glass-Steagall Act, which deregulated the financial sector and contributed to creating the conditions that produced the crash of 2008.
"I don't think that Nafta was created to alleviate every single social problem in Mexico.
These were created, along with NAFTA, to help pay for water, sewerage and better waste treatment on both sides of the line.
In 1993, President Clinton promised that Nafta would create 200,000 American jobs in two years; instead, Nafta has led to the loss of more than 680,000 jobs.
"Nafta was supposed to help create more jobs, and it took away more jobs," he said.
In a statement to the tribunal, the government contends that "Methanex's claim does not remotely resemble the type of grievance for which the states parties to the Nafta created the investor-state dispute mechanism".
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