In 1991, the Soviet Union fell and the Cold war ended. In 1992, Europe founded the European Unions, creating the political framework for the common market. In 1994, we, Canada and Mexico signed NAFTA. In 1995, the World Trade Organization was established, the culmination of almost 50 years of trade cooperation. We are a long way from that world today, as the President demonstrated by liberating us from the comforts of a predictable economic environment. (14:38–14:47)
CLAIM
Asserts that the World Trade Organization was established in 1995 after nearly 50 years of trade cooperation.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
