
NAFTA Mexican president who went into exile.
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Salinas privatized hundreds of state-owned companies, including the telephone monopoly Telmex, banks, and steel mills. The sales raised revenue but were criticized for lack of transparency and for concentrating wealth among a few billionaires.
President Carlos Salinas de Gortari negotiated and signed NAFTA with the United States and Canada, creating a free trade zone. The agreement, effective in 1994, aimed to boost investment and exports but also led to job losses in agriculture and manufacturing.
On January 1, 1994, the Zapatista Army of National Liberation (EZLN) launched an armed rebellion in Chiapas, protesting NAFTA and indigenous marginalization. The uprising exposed deep social inequalities and challenged Salinas's narrative of modernization.
After leaving office, Salinas faced corruption allegations and went into self-imposed exile in Ireland. His brother Ra
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