Just weeks after the Bush administration made clear that the main reason to pass trade agreements is because they are "deregulatory tools," the vice president of Panama, who is demanding that the Democratically-controlled Congress pass the Panama FTA, tells The Financial Times another unintentional truth:
...the deal would provide solid guarantees and a stable, predictable environment for US companies looking to use Panama as a base to capture regional markets. "It gives companies the sort of legal framework the [sic] look for when operating outside their home countries," he said.
Yeah, it's a perfect legal framework for companies looking for outrageous rights in an adopted foreign market that go far beyond democratically-set national laws and for companies looking to unload some of their U.S. workers in favor of workers that make a tiny fraction of the wage.
I guess the only thing left to be explained by the VP is why members of Congress representing constituents who stand to lose from that equation should vote instead for the interests of offshoring companies...