The FTA and the NAFTA agreements hinge on one crucial bet that is looking increasingly dubious today — that U.S. administrations would see it in their country's larger interest to respect the international agreements they entered into.

Alas, the U.S. record of agreements ignored, abrogated or violated in recent years is long and growing.

The latest but not the least such agreement is NAFTA,which provides the framework for $445 billion U.S. in 2004 in bilateral business. America has refused to honour the NAFTA extraordinary panel decision that rejected a U.S. appeal of an earlier ruling that Washington failed to justify its imposition...

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