So what does NAFTA do if it's not free trade?
As I said, it is really a series of Trade restrictions and regulations. It isn't free trade at all.
This is clearly not true. Tariffs between Atlasia and Canada and Mexico have practically disappeared now because of NAFTA and the benefits have been huge for everybody. I want add that Texas has profited enormously from NAFTA creating hundreds of thousands of jobs for Atlasians as well as other states in the south, so our Senators need to listen, at least for once.
regulations aren't tariffs. We are in a different wave lenght.
Which regulations? Rules of Origin for example? Well, unless you are proposing right here to create worldwide free trade, you need regulations about rules of origin for products produced within the countries signatories of NAFTA. Environmental regulations? they have never been enforced. Panels to solve controversies? Well, you need them in case one country decides to unfairly establish a compensatory tariff. I understand that the motivation is to seek total free trade in the world, and that's great, but this is clearly one of the worst ways to do it.
It actually is going to backfire. Just imagine the signal that the Senate would be sending to the financial markets: Repeal of NAFTA! they will just go into a panic frenzy, regardless of how you want to explain them. Put on top of that the fact that several people are trying to impeach the Treasury Secretary and the crisis with China.
Repeal of Nafta! - Impeachment of the Treasury Secretary and China possibly confiscating Atlasian investments because of misguided policies? Does the Senate have any sense of the economic consequences of the bills it is approving?
Investors should be clearly very worried about the recent developments in Atlasia. That, plus the uncertainty of a Presidential campaign will leave the economy of Atlasia in tatters. Poor President PBrunsel, the Senate will cause him to leave office with an economic crisis that not even if BRTD as President could have created.
