The dismal U.S. track record in negotiating trade agreements since the mid1990s, as indicated by the nation 's growing trade deficit and the attendant economic problems, suggests that a fast track is exactly what the nation does not need:
While gross U.S. exports rose 61 .5% between 1994 and 2000, imports rose much more, by 80.5%.
Job losses associated with the trade deficit increased six times more rapidly between 1994 and 2000 than they did between 1989 and 1994.
Every state and the District of Columbia5 suffered significant job losses due to growing trade deficits between 1994 and 2000. Ten states, led by California, lost over 100 000 net jobs.
The manufacturing sector, where the trade deficit rose 158.5% between 1994 and 2000, shouldered 65% of the surge in job losses during that period.
U.S. trade deficits with NAFTA partners Canada and Mexico increased nearly fourfold between 1993 and 2000, driven primarily by direct U.S. investment in Mexican and Canadian factories that export to the United States. The sustained appreciation of the U.S. dollar also encouraged investors around the world to build new and expanded production capacity at home to export more goods to the U.S. As a result, U.S. markets have been flooded with imports from Asia, Europe, Central and South America, and Africa since 1994.
The figures concerning trade deficits and job losses indicate that there is no hurry to enlarge NAFTA and to initiate a new round of WTO trade negotiations.
有关贸易赤字和就业机会丢失的数字表明,现在不应急于扩大北美自由贸易协定和开启新的一轮的(世界贸易组织)的贸易谈判。
track record
all of a person's or organization's past achievements, successes, or failures, which show how well they have done something in the past and how well they are likely to do in the future. 记录
e.g.
1)A successful job applicant is one with an excellent track record.
成功的求职者是有优秀成绩记录的人。
2)The school has an impressive track record in getting its students through examinations.
这所学校在学生通过考试方面有着骄人的记录。