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Home > Free Trade Area of the Americas


 

The Free Trade Area of the Americas or FTAA (in Spanish: Área de Libre Comercio de las Américas, ALCA; in French: Zone de libre-échange des Amériques, ZLEA; in Portuguese: Área de Livre Comércio das Américas, ALCA) is a proposed agreement to eliminate or reduce trade barriers among all nations in the Western Hemisphere except Cuba. In the latest round of negotiations, officials of 34 nations began meeting November 16, 2003 in Miami to discuss the proposal, which is intended as a successor to the North American Free Trade Agreement.

An article in the Washington Times said that Brazil and the United States have been tussling over key points of the proposal, some of which are perceived to provide unfair benefits to wealthy nations:

"Many manufacturers in small, poorer nations are afraid they will be wiped out by more powerful U.S. competitors." [1]

The process was begun with the Summit of the Americas in Miami in April 1994, but was brought to the greatest public attention with the Quebec City Summit of the Americas in 20012001 is a common year starting on Monday (see link for calendar), and also: The International Year of the Volunteer The United Nations Year of Dialogue Among Civilizations Events January January 1 A black monolith measuring approximately nine feet tall ap, a meeting targeted by massive anti-corporatization protests. The previous round of negotiations, which were held on the CaribbeanThe Caribbean or the West Indies is a group of islands in the Caribbean Sea. These islands curve southward from the bottom tip of Florida to the Northwest of Venezuela in South America. There are at least 7000 islands, islets, reefs and cayes in the regio island of TrinidadFor other uses of the word Trinidad, see Trinidad (disambiguation). The Republic of Trinidad and Tobago is a nation located in the southern Caribbean Sea, off the coast of Venezuela. It consists of two main islands, Trinidad and Tobago, and many smaller i, ended in October 2003, with an apparent stalemate. A Brazilian delegate, who declined to be identified, said "the meeting revealed major differences."

According to news reports, the US is pushing for a single comprehensive agreement that would cut tariffs on manufactured and agricultural goods while raising barriers to free trade on many services as well as pharmaceuticals and other goods classified as intellectual propertyIn law, intellectual property is a form of legal entitlement which allows its holder to control the use of certain intangible ideas and expressions. The term intellectual property reflects the fact that once established, such entitlements are generally tr.

Brazil, however, which co-chairs the final phase of the FTAA talks with the United States, has proposed a slower, three-track approach that calls for a series of bilateral agreements to cut tariffs and a hemispheric pact on items such as rules of origins and dispute settlement, but leaves more controversial issues to the World Trade OrganizationThe World Trade Organization (WTO) is an international organization which oversees a large number of agreements covering the "rules of trade" between its member states. It was created in 1995 as a secretariat to administer the General Agreement on Tariffs (WTO).

For the trade agreement to be on track for its scheduled deployment in 2005, substantial progress will need to be made at the November meeting. However, this meeting at Miami has been cancelled one day ahead of schedule [2], and many issues were left to be discussed by the WTO. At the same time, hundreds of thousands of people from trade unions and the alterglobalization movement have been protesting against the FTAA in Quebec City, Quito, and Miami, where groups like Midwest Unrest mobilized protests.



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