Annotations for People: Shields-brian

Dallas billionaire, Ross Perot is spending millions of dollars to go on national television to stir up opposition to NAFTA, but members of the Dallas Hispanic Chamber believe the treaty will be beneficial for their businesses. During a recent visit to Dallas, Mexican president, Carlos Salinas, asserted there's no time to waste.

Opposition to NAFTA in the United States centers on concerns that higher paying jobs north of the border will disappear to be replaced by very low wage employment in Mexico. Such arguments are coming not only from supporters of Ross Perot, but also from grassroots Hispanic groups such as San Antonio's Fuerza Unida, if you're a loss of American manufacturing jobs that now employ Latinos here. However, President Salinas insists the treaty will have the opposite effect.

Between Ross Perot and opponents of free trade in and out of the Congress, right now, the agreement appears to be in trouble, but Jorge Haynes with Laredo's International Bank of Commerce insists the opportunity is too important to allow it to slip away.

For Latino USA, I'm Brian Shields.

Even now, before NAFTA's implementation, business people in Texas are actively trading with their colleagues south of the border, and if the trade agreement is going to work, it will be up to individual entrepreneurs to lead the way. It's a trail already being blazed by many Hispanic-owned businesses, such as John Montoya's. He's the president of World Dallas International, a trading services company, and for him, the rewards of the agreement are quite clear.