NETWORK believes that global economic justice requires fair trade policies.
U.S. bilateral and regional trade agreements—agreements founded on the concept of free trade—have unevenly benefited people and in some settings constrained economic development among the millions of people who live in poverty.
A February 2015 letter to Congress , signed by NETWORK and our interfaith partners, noted that:
"We should learn from the consequences of NAFTA and CAFTA and not just simply repeat the mistakes of the past. Traditional fast track authority is not consistent with democratic values of our country and the moral values of our faith communities. Having a full discussion of trade agreements will allow all voices of those affected to be heard. Any new grant of authority should allow for an open Congressional process, ensure broad consultation, transparency, meaningful public participation, and require that Congress certify that negotiating objectives for labor and the environment have been met before the President signs any agreement."
An additional concern globally is the adverse impact on numerous developing nations of the decline in the value of their currencies as well as the decrease in the amount of money sent back by their overseas workers. This combination could create economic instability in many regions and could have a negative impact on global security.