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NAFTA Hurt Latinos, study says

The North American Free Trade Agreement created a race to the bottom for Hispanics on both sides of the U.S.-Mexico border, according to a report issued Monday by two nonprofit groups. The report, titled "Another Americas is Possible: The Impact of NAFTA on the U.S. Latino Community and Lessons for Future Trade Agreements," found that in the decade since the treaty went into effect, Latinos living in the United States lost their jobs while workers in Mexico saw their income drop. NAFTA's critics said it's being used as a blueprint for the Central American Free Trade Agreement. The pact, known as CAFTA, lowers trade barriers erected by the United States, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic.The Texas Labor Council for Latin American Advancement and Public Citizen's Global Trade Watch issued the report.[ more ]