The Center for Grassroots Oversight

This page can be viewed at http://www.historycommons.org/context.jsp?item=SenHrgWrnMex


Context of 'May 20, 2003: Senate Hearing Warns Mexico against Restrictions on US Goods'

This is a scalable context timeline. It contains events related to the event May 20, 2003: Senate Hearing Warns Mexico against Restrictions on US Goods. You can narrow or broaden the context of this timeline by adjusting the zoom level. The lower the scale, the more relevant the items on average will be, while the higher the scale, the less relevant the items, on average, will be.

In preparation for the North American Free Trade Agreement (NAFTA), Mexico opens up its financial services to foreign ownership. By 2000, 85 percent of the banking system will be owned by foreign entities and lending to Mexican businesses will have dropped from 10 percent of the GDP to 0.3 percent. (Jones 3/2007, pp. 3)

The North American Free Trade Agreement Implementation Act (H.R. 3450) is voted on by the US House of Representatives and passes 234-200. (US Congress 11/17/1993) It is later estimated that Congresspersons who voted in favor of H.R. 3450 received an average of $8,018 more in corporate PAC contributions than those who voted against. (Francia 1/2001, pp. 98, 103)

US President Bill Clinton signs the North American Free Trade Agreement (NAFTA), which he says will “tear down trade barriers between” the US, Canada, and Mexico. (US President 12/8/1993)

Joseph P. Hoar, a retired Marine Corps general who commanded American forces in the Persian Gulf after the 1991 war, warns the Senate Foreign Relations Committee that the proposed invasion is both “risky” and possibly unnecessary. (Dao 8/1/2002)

Senator Norm Coleman, chairman of the Foreign Relations Western Hemisphere subcommittee, holds a hearing in which he says that a “tough response” against Mexico would be “warranted” for “unilateral renegotiation of NAFTA.” Present at the hearing are Bush administration officials and leaders of agribusiness interest groups. Jim Quackenbush, board member of the National Pork Producers Council, complains of a Mexican anti-dumping case against US hog exports and claims his goods are often halted at the border for “alleged sanitary concerns.” He calls for the US to “use all available means” to keep Mexico’s market open to US agricultural goods. Allen Johnson, chief agriculture negotiator in the office of the US Trade Representative, says that the US will work to defend its interests and is ready to retaliate if Mexico does not accede to its demands. (US Congress 5/20/2003 pdf file; Ford 5/21/2003)


Creative Commons License Except where otherwise noted, the textual content of each timeline is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike