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Saturday, May 22, 2010

Global Trade Watch: Don’t Believe the Free-Trade Hype http://inthesetimes.com/working/entry/6016/global_trade_watch_dont_believe_the_free-trade_hype/

Free trade agreement provisions that allow companies to sue governments for lost revenue when their plans are blocked by public outcry or environmental regulations can also be devastating to developing countries and even the U.S.Take the situation in El Salvador, where a lawsuit by the Pacific Rim mining company over the government’s refusal to green light a proposed gold mine could potentially drain the country’s treasury.

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