Tuesday, June 5, 2018

A 2008 NAFTA tribunal ruled that Mexico had to pay $58.4 million to multinational corn conglomerate CPI. NAFTA and other 'free trade agreements' decide whether whole populations will live or die-Carlsen, "NAFTA is starving Mexico," 10/20/2011

10/20/2011, "NAFTA Is Starving Mexico," Laura Carlsen, Foreign Policy in Focus

"Free trade has starved Mexico and stuffed transnational corporations."  

"A 2008 NAFTA tribunal ruled that Mexico had to pay $58.4 million to CPI. The government paid up on January 25, 2011. CPI posted $3.7 billion dollars in net sales the year of the decision. The fine paid by the Mexican government could have provided a year’s worth of the basic food basket to more than 50,000 poor families.
CPI’s wholly owned subsidiary Arancia Corn Products is among the most powerful food transnationals operating in the country, along with Maseca/Archers Daniel Midland and Cargill. Large agribusiness companies allegedly played a key role in the 2007 tortilla crisis by hoarding harvest as the international price went up, artificially drying up the national market and selling at nearly double the price they paid for the harvest. That crisis brought tens of thousands of poor Mexicans out into the streets to protest a 50 percent rise in the price of tortillas.

NAFTA and other FTAs [Free Trade Agreements] give corporations
the power to define what we eat, what we buy at the store, who will have a job and who won't, and whether a village sustained by local food production will survive or witness the end of generations of livelihoods." (subhead, "Heads I Win, Tails You Lose") 


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