Military coups are good for Canadian business: The Canada-Honduras free trade agreement

Last week Canadian and Honduran negotiators met up to discuss a free trade agreement. Canada is hoping to expand its political and economic engagement with Latin America. Canada is now the third largest foreign investor throughout the hemisphere, south of the United States.

From http://www.bilaterals.org:

According to the Honduran press, an agreement is close to being completed. This marks an alarming development in the efforts of the Canadian state and multinational corporations to deepen their relations with Honduras following the military coup of June 28, 2009.

The military removal of Zelaya was the second successful coup in the hemisphere since Peruvian leader Alberto Fujimori’s autogolpe in 1992 (for background on the Honduran coup see Greg Grandin’s articles at www.thenation.com and my article “Acceptable Versus Unacceptable Repression”).

Of course, the Canadian state hasn’t come out and said “we support the coup,” and nor should we expect it to. But it has ignored the well-documented repression meted out against the Frente Nacional de Resistencia Popular (“Frente”). It also argued against Zelaya’s return from exile before he snuck back into the country only to be holed up in the Brazilian embassy.

(bilaterals.org)

Ex-President of Honduras Manuel Zelaya

Read full article here.

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