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Encyclopedia > Free Trade Area of the Americas
The FTAA logo.
The FTAA logo.

The Free Trade Area of the Americas (FTAA) (Spanish: Área de Libre Comercio de las Américas (ALCA), French: Zone de libre-échange des Amériques (ZLÉA), Portuguese: Área de Livre Comércio das Américas (ALCA), Dutch: Vrijhandelszone van de Amerika's) was a proposed agreement to eliminate or reduce the trade barriers among all countries in the Americas. In the latest round of negotiations, trade ministers from 34 nations met in Miami, United States, in November 2003 to discuss the proposal.[1] The proposed agreement was an extension of the North American Free Trade Agreement (NAFTA) between Canada, Mexico and the United States. Against the market are positioned Cuba, Venezuela and later Bolivia, Ecuador, and Nicaragua, which entered the Bolivarian Alternative for the Americas in response. Image File history File links This is a lossless scalable vector image. ... Image File history File links FTAAMainLogo14. ... Image File history File links FTAAMainLogo14. ... World map showing the Americas CIA political map of the Americas in an equal-area projection The Americas are the lands of the New World, consisting of the continents of North America and South America with their associated islands and regions. ... This article is about the city in Florida. ... 2003 : January - February - March - April - May - June - July - August - September - October - November - December A timeline of events in the news for November, 2003. ... NAFTA redirects here. ... The Bolivarian Alternative for the Americas (Spanish: Alternativa Bolivariana para las Américas or ALBA - which also means dawn in Spanish) is a political, social and economic cooperation and complementation vision of integration between the Latin American countries, proposed by the government of Venezuela as an alternative to the Free...


Discussions have faltered over similar points as the Doha Development Round of World Trade Organization (WTO) talks; developed nations seek expanded trade in services and increased intellectual property rights, while less developed nations seek an end to agricultural subsidies and free trade in agricultural goods. Similar to the WTO talks, Brazil has taken a leadership role among the less developed nations, while the United States has taken a similar role for the developed nations. According to developing nations such as India and Brazil, the deal presented by the U.S. and E.U. would have been devastating for their agricultural industry. ... WTO redirects here. ... The tertiary sector of industry, also called the service sector or the service industry, is one of the three main industrial categories of a developed economy, the others being the secondary industry (manufacturing and primary goods production such as agriculture), and primary industry (extraction such as mining and fishing). ... For the 2006 film, see Intellectual Property (film). ... An agricultural subsidy is a governmental subsidy paid to farmers to supplement their income, help manage the supply of agricultural commodities, and bolster the supply of such commodities on international markets. ...


Talks began with the Summit of the Americas in Miami on December 11, 1994, but the FTAA came to public attention during the Quebec City Summit of the Americas, held in Canada in 2001, a meeting targeted by massive anti-corporatization and anti-globalization protests. The Miami negotiations in 2003 met similar protests, though perhaps not as large. The last summit was held at Mar del Plata, Argentina, in November 2005, but no agreement on FTAA was reached. 26 of the 34 countries present at the negotiations pledged to meet again in 2006 to resume negotiations, but no such meeting took place. The Summit of the Americas is the name for one of a sequence of summits bringing together the countries of the Americas for discussion of a variety of issues. ... This article is about the city in Florida. ... is the 345th day of the year (346th in leap years) in the Gregorian calendar. ... Year 1994 (MCMXCIV) The year 1994 was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by the United Nations. ... The Summit of the Americas held in Quebec City, Quebec, Canada, on the weekend of April 20, 2001, was a round of negotiations regarding a proposed Free Trade Area of the Americas. ... Anti-globalization (anti-globalisation) is a political stance of opposition to the perceived negative aspects of globalization. ... Wikipedia does not have an article with this exact name. ... Map of Mar del Plata and the surrounding region Panoramic view of Varese beach, Mar del Plata Mar del Plata is an Argentine city located on the coast of the Atlantic Ocean in the Buenos Aires Province, 400 km south of Buenos Aires. ... Ongoing events • Abramoff-Reed gambling scandal • Al Jazeera bombing memo • Avian influenza (H5N1) outbreak • Black sites scandal • Conservative leadership race (UK) • Fuel prices • Irans nuclear program • Jilin chemical plant explosions • Kashmir earthquake • Malawi food crisis • Malaysian prisoner abuse scandal • New Delhi bombings investigation • Niger food crisis • North Indian cyclone...


In previous negotiations, the United States has pushed for a single comprehensive agreement to reduce trade barriers for goods, while increasing intellectual property protection. Specific intellectual property protections could include Digital Millennium Copyright Act-style copyright protections, similar to the U.S.-Australia Free Trade Agreement. Another protection would likely restrict the reimportation or cross-importation of pharmaceuticals, similar to the proposed agreement between the U.S. and Canada. The Digital Millennium Copyright Act (DMCA) is a controversial United States copyright law which criminalizes production and dissemination of technology that can circumvent measures taken to protect copyright, not merely infringement of copyright itself, and heightens the penalties for copyright infringement on the Internet. ... The US-Australia Free Trade Agreement (FTA) is a preferential trade agreement between the United States of America and Australia on the model of the North America Free Trade Agreement (NAFTA). ...


Brazil has proposed a measured, three-track approach that calls for a series of bilateral agreements to reduce specific tariffs on goods, and a hemispheric pact on rules of origin and dispute resolution processes. Brazil seeks to omit the more controversial issues from the agreement, leaving them to the WTO. Swiss Made label on a TAG Heuer chronograph Country of origin is the country of manufacture, production, or growth where an article or product comes from. ...


The location of the FTAA Secretariat was to have been determined in 2005. The contending cities are: Atlanta, Chicago, Galveston, Houston and Miami in the United States; Cancún and Puebla in Mexico; San Juan, Puerto Rico; Panama City, Panama; and Port of Spain, Trinidad and Tobago. The U.S. city of Colorado Springs also submitted its candidacy in the early days but subsequently withdrew.[2] Miami, Panama City and Puebla served successively as interim secretariat headquarters during the negotiation process. As of November 2007, only Miami remains active in vying for the secretariat headquarters.[3] Atlanta redirects here. ... For other uses, see Chicago (disambiguation). ... Galveston redirects here. ... Houston redirects here. ... Miami redirects here. ... Location of Cancún Location of Cancún Coordinates: , Country Mexico State Municipality Benito Juárez Foundation April 20, 1970 Government  - Mayor Francisco Antonio Alor Quezada (PRI) Highest elevation 10 m (30 ft) Lowest elevation 0 m (0 ft) Population (2005)  - Total 572,973  - Demonym Cancunense Time zone CST (UTC... Nickname: Location of Puebla in central Mexico Coordinates: Country Mexico State Puebla Founded 1531 Government  - Mayor Enrique Doger (PRI) Area  - City 546 km²  (211 sq mi) Elevation 2,175 m (7,136 ft) Population (2005)  - City 1,485,941  - Density 5,741/km² (14,869. ... For other uses, see San Juan. ... This article is about the capital city of Panama. ... Port of Spain, population 49,000 (2000), is the capital of Trinidad and Tobago and the countrys second largest city by population, after San Fernando. ... Colorado Springs is a middle-sized city, located just east of the geographic center of the state of Colorado in the United States. ...


The failure of the Mar del Plata summit to set out a comprehensive agenda to keep FTAA alive has meant that there is little chance for a comprehensive trade agreement in the foreseeable future.

Contents

Membership

The following countries have shown interest at some point in becoming members of the Free Trade Area of the Americas [4]:

Image File history File links Flag_of_Antigua_and_Barbuda. ... Image File history File links Flag_of_Argentina. ... Image File history File links Flag_of_the_Bahamas. ... Image File history File links Flag_of_Barbados. ... Image File history File links Flag_of_Belize. ... Image File history File links Flag_of_Brazil. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Chile. ... Image File history File links Flag_of_Colombia. ... Image File history File links Flag_of_Costa_Rica. ... Image File history File links Flag_of_Dominica. ... Image File history File links Flag_of_the_Dominican_Republic. ... Image File history File links Flag_of_El_Salvador. ... Image File history File links Flag_of_Grenada. ... Image File history File links Flag_of_Guatemala. ... Image File history File links Flag_of_Guyana. ... Image File history File links Flag_of_Haiti. ... Image File history File links Flag_of_Honduras. ... Image File history File links Flag_of_Jamaica. ... Image File history File links Flag_of_Mexico. ... Image File history File links Flag_of_Panama. ... Image File history File links Flag_of_Paraguay. ... Image File history File links Flag_of_Peru. ... Image File history File links Flag_of_Saint_Kitts_and_Nevis. ... Image File history File links Flag_of_Saint_Lucia. ... Image File history File links Flag_of_Saint_Vincent_and_the_Grenadines. ... Image File history File links Flag_of_Suriname. ... Image File history File links Flag_of_Trinidad_and_Tobago. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Uruguay. ...

History pre-1994

In the 1960s there were several modest and humble attempts at regional integration in South America, Central America, and the Caribbean. The approach of these regional initiatives was to lower tariffs internally while maintaining high trade barriers against non-members. Regional initiatives included the 1960 Latin American Free Trade Association (LAFTA), the 1960 Central American Common Market (CACM), the 1965 Caribbean Free Trade Association (CARIFTA), and the 1969 Andean Pact. South America South America is a continent crossed by the equator, with most of its area in the Southern Hemisphere. ... For other uses, see Central America (disambiguation). ... West Indies redirects here. ... The Latin American Free Trade Association was created in 1960 by Argentina, Brazil, Chile, Mexico, Paraguay, Peru, and Uruguay. ... The Central American Common Market (abbreviated CACM - in Spanish: Mercado Común Centroamericano, abbreviated MCCA) is an economic trade organization between five nations of Central America. ... The Caribbean Free Trade Association (CARIFTA) had been organized to provide a continued economic linkage between the English-speaking countries of the Caribbean following the dissolution of the West Indies Federation which lasted from January 3, 1958 to May 31, 1962. ... States of CAN The Andean Community of Nations (in Spanish: Comunidad Andina de Naciones, abbreviated CAN) is a trade bloc comprising the South American countries of Bolivia, Colombia, Ecuador, Peru and Venezuela. ...


Many North American countries experienced a debt crisis in the 1980s, such as Mexico in 1982. These debt crises contributed to a "lost decade" in terms of economic growth, the adoption of numerous stabilization and structural adjustment programs with the IMF, and a widespread re-evaluation of interventionist, protectionist and inward-looking development strategies. In 1984 the U.S. unilaterally lowered its tariffs against many states in the Caribbean Basin, as part of its Caribbean Basin Initiative. For other uses, see Debt (disambiguation). ... Structural adjustment is a term used to describe the policy changes implemented by the International Monetary Fund (IMF) and the World Bank (the Bretton Woods Institutions) in developing countries. ... The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and balance of payments, as well as offering technical and financial assistance when asked. ... A planned economy is an economic system in which economic decisions are made by centralized planners, who determine what sorts of goods and services to produce, and how they are to be priced and allocated. ... Protectionism is the economic policy of promoting favored domestic industries through the use of high tariffs and other regulations to discourage imports. ... The Caribbean basin is generally defined as the area running from Florida westward along the Gulf coast, then south along the Mexican coast through Central America and then eastward across the northern coast of South America. ... U.S. unilateral initiative originated in the 1983 Caribbean Basin Economic Recovery Act. It aimed at providing several tariff and trade benefits to Central American and caribbean countries. ...


Many Latin American countries took non-discriminatory steps towards trade liberalization in the late 1980s (lowering tariffs against all countries, not just selected ones). This was done partly to follow through on GATT (now the WTO) commitments, but also unilaterally as a domestic policy choice or at the urging of the IMF, the World Bank, the IDB, and USAID. Average tariff levels fell to about 20% in the region by the end of the 1980s. The General Agreement on Tariffs and Trade (typically abbreviated GATT) was originally created by the Bretton Woods Conference as part of a larger plan for economic recovery after World War II. The GATTs main objective was the reduction of barriers to international trade. ... For other uses of the initials WTO, see WTO (disambiguation). ... The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and balance of payments, as well as offering technical and financial assistance when asked. ... The World Bank logo The World Bank (the Bank) is a part of the World Bank Group (WBG), is a bank that makes loans to developing countries for development programs with the stated goal of reducing poverty. ... The Inter-American Development Bank (preferred abbreviation: IDB; but frequently given as IADB), was established in 1959 to support Latin American and Caribbean economic/social development and regional integration by lending mainly to public institutions. ... USAID logo The United States Agency for International Development (or USAID) is the U.S. government organization responsible for most non-military foreign aid. ... Tax rates around the world Tax revenue as % of GDP Economic policy Monetary policy Central bank   Money supply Fiscal policy Spending   Deficit   Debt Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Banking   Regulation        For other uses of this word, see tariff (disambiguation). ...


Another wave of regional trade agreements took place in the late 1980s and early 1990s. In 1989 the AP agreed to move towards freer trade within the region, as did CACM and the Caribbean Community (Caricom) in 1990. The Southern Cone Common Market (Mercosur) notably including Brazil was established in 1991 with similar plans for freer regional trade. Map showing CARICOM members, associates and observers Seat of Secretariat Georgetown, Guyana Official languages English4 Membership  15 full members1  5 associate members2  7 observers3 Leaders  -  Secretary-General Edwin W. Carrington (since 1992)  -  CARICOM Heads of Government   Establishment  -  August 1, 1973  Website http://www. ... Motto (Spanish) (Portuguese) (Guaraní) Our North is the South  â€¢  â€¢ Pro Tempore Secretariat Montevideo, Uruguay Largest city São Paulo, Brazil Official languages 3 Portuguese Spanish Guaraní Membership 5 Argentina Brazil Paraguay Uruguay Venezuela Leaders  -  Carlos Álvarez Establishment  -  Declaration of Foz do Iguaçu 30 December 1985   -  Treaty of Asunción...


The U.S. entered into the Canada-U.S. Free Trade Agreement (FTA) in 1989, and the beginning of negotiations towards free trade between Mexico and the U.S. were announced the next year in 1990. These negotiations were soon expanded to include Canada in the North American Free Trade Agreement (NAFTA). Several Latin American countries approached the U.S. after the announcement, seeking to negotiate their own bilateral free trade agreements with the U.S., but the U.S. refused to negotiate more bilateral PTAs in the region until NAFTA was implemented. Instead, in June 1990 U.S. President George H. W. Bush announced the Enterprise for the Americas Initiative with the goal of achieving hemispheric free trade by 2000. The Free Trade Agreement (FTA) was a trade agreement reached by Canada and the United States in October of 1987. ... NAFTA redirects here. ... George Herbert Walker Bush (born June 12, 1924) was the 41st President of the United States, serving from 1989 to 1993. ...


In 1994 NAFTA came into force and the 1986–1994 Uruguay Round of GATT negotiations were completed. The goal of hemispheric free trade, which had been renamed the FTAA, was postponed until 2005 primarily at the request of Canada and the U.S. The Uruguay Round was a trade negotiation lasting from September 1986 to April 1994 which transformed the General Agreement on Tariffs and Trade into the World Trade Organization. ... General Agreement on Tariffs and Trade (usually abbreviated GATT) functions as the foundation of the WTO trading system, and remains in force, although the 1995 Agreement contains an updated version of it to replace the original 1947 one. ...


Opposition and critics

Huge movements have opposed the FTAA at every stage of its development. A coalition of senior citizens, labor groups, environmentalists, human rights advocates and peace advocates as well as concerned citizens have protested both major meetings of the FTAA.


A vocal critic of the FTAA is Venezuelan president Hugo Chávez, who has described it as an "annexation plan" and a "tool of imperialism" for the exploitation of Latin America[citation needed]. As a counterproposal to this initiative, Chávez has promoted the Bolivarian Alternative for the Americas (Alternativa Bolivariana para las Américas, ALBA), based on the model of the European Union, which makes emphasis on energy and infrastructure agreements that are gradually extended to other areas finally to include the total economic, political and military integration of the member states. Hugo Rafael Chávez Frías (pronounced ) (born July 28, 1954) is the current President of Venezuela. ... Ceremonies during the annexation of Hawaii. ... Cecil Rhodes: Cape-Cairo railway project. ... The Bolivarian Alternative for the Americas (Spanish: Alternativa Bolivariana para las Américas or ALBA - which also means dawn in Spanish) is a political, social and economic cooperation and complementation vision of integration between the Latin American countries, proposed by the government of Venezuela as an alternative to the Free...


Also, Evo Morales of Bolivia has referred to the US-backed Free Trade Area of the Americas, as "an agreement to legalize the colonization of the Americas." Juan Evo Morales Ayma (born October 26, 1959 in Orinoca, Oruro), popularly known as Evo (pronounced ), is the President of Bolivia, and has been declared the countrys first fully indigenous head of state since the Spanish Conquest in 470 years. ...


On the other hand, the presidents of Brazil, Luiz Inácio Lula da Silva, and Argentina, Néstor Kirchner, have stated that they do not oppose the FTAA but they do demand that the agreement provide for the elimination of US agriculture subsidies, the provision of effective access to foreign markets and further consideration towards the needs and sensibilities of its members. Luiz Inácio Lula da Silva (pron. ... Néstor Kirchner, full name Néstor Carlos Kirchner Ostoić (born 25 February 1950), is the President of Argentina, sworn in on May 25, 2003. ... In economics, a subsidy is generally a monetary grant given by a government to lower the price faced by producers or consumers of a good, generally because it is considered to be in the public interest. ...


One of the most contentious issues of the treaty proposed by the United States is with concerns to patents and copyrights. Critics claim that if the measures proposed by the US were implemented and applied this would prevent scientific research in Latin America, causing as a consequence more inequalities and technological dependence from the developed countries. On the issue of patents, some critics of the FTAA, such as Canadian nationalist Maude Barlow, have accused the US of attempting to patent Latin America-made inventions. On the Council of Canadians web site, Barlow wrote: "This agreement sets enforceable global rules on patents, copyrights and trademark. It has gone far beyond its initial scope of protecting original inventions or cultural products and now permits the practice of patenting plants and animal forms as well as seeds. It promotes the private rights of corporations over local communities and their genetic heritage and traditional medicines." [5] For other uses, see Patent (disambiguation). ... Not to be confused with copywriting. ... Main articles: History of Canada, Timeline of Canadian history Canada has been inhabited by aboriginal peoples (known in Canada as First Nations) for at least 40,000 years. ... The Flag of Canada Canadian nationalism is a loose term which has been applied to ideologies of several different types which highlight and promote specifically Canadian interests over those of other countries, notably the United States. ... Maude Barlow Maude Victoria Barlow (born May 19, 1947) is a Canadian author and activist. ... The Council of Canadians is a left-wing think tank in Canada that was founded in 1985. ...


Agreements

Implementation of a full multilateral FTA between all parties would be eased by enlargement of existing agreements. North America, with the exception of Cuba and Haiti (which does not participate in economic integration with the Caricom) are almost finished to set up a subcontinental free trade area. At this point Agreements within the Area of the Americas include: North American redirects here. ... The Caribbean Community and Common Market or CARICOM was established by the Treaty of Chaguaramas which came into effect on August 1, 1973. ...


Previous Agreements

Image File history File links This is a lossless scalable vector image. ... The Free Trade Agreement (FTA) was a trade agreement signed by Canada and the United States on January 2, 1988. ... Image File history File links Flag_of_Costa_Rica. ... Image File history File links Flag_of_the_Dominican_Republic. ... The Dominican Republic-Central America Free Trade Agreement, more commonly known as DR-CAFTA, is a free trade agreement being negotiated as of June 2005. ... Image File history File links Flag_of_Costa_Rica. ... Image File history File links Flag_of_Trinidad_and_Tobago. ...

Current Agreements

Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Chile. ... The United States-Chile Free Trade Agreement was signed on June 6, 2003, ratified by the U.S. House of Representatives on July 24, 2003 by a vote of 270-156, and ratified by the U.S. Senate on July 31, 2003 by a vote of 65-32. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Peru. ... The United States - Peru Trade Promotion Agreement (Spanish: ) is a bilateral free trade agreement, whose objectives are eliminating obstacles to trade, consolidating access to goods and services and fostering private investment in and between the United States and Peru. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Costa_Rica. ... Image File history File links Flag_of_El_Salvador. ... Image File history File links Flag_of_Guatemala. ... Image File history File links Flag_of_Honduras. ... Image File history File links Flag_of_Nicaragua. ... Image File history File links Flag_of_the_Dominican_Republic. ... Presidents Francisco Flores Pérez (former), Ricardo Maduro (former), George W. Bush, Abel Pacheco (former), Enrique Bolaños (former) and Alfonso Portillo (former) The Dominican Republic–Central America Free Trade Agreement, commonly called DR-CAFTA, is a free trade agreement (legally a treaty under international law, but not under US... Image File history File links Flag_of_Bolivia. ... Image File history File links Flag_of_Mexico. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Chile. ... Image File history File links Flag_of_Chile. ... Image File history File links Flag_of_Mexico. ... Image File history File links Flag_of_Costa_Rica. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Costa_Rica. ... Image File history File links Flag_of_Mexico. ... Image File history File links Flag_of_Costa_Rica. ... Image File history File links Flag_of_Chile. ... Image File history File links Flag_of_Costa_Rica. ... Image File history File links Flag_of_CARICOM.svg Flag of the Caribbean Community, based on image at the World Flag Database. ... Map showing CARICOM members, associates and observers Seat of Secretariat Georgetown, Guyana Official languages English4 Membership  15 full members1  5 associate members2  7 observers3 Leaders  -  Secretary-General Edwin W. Carrington (since 1992)  -  CARICOM Heads of Government   Establishment  -  August 1, 1973  Website http://www. ... Image File history File links Flag_of_Mexico. ... Image File history File links Flag_of_Nicaragua. ... Image File history File links Flag_of_Mexico. ... Image File history File links Flag_of_Uruguay. ...

Proposed Agreements

Active Negotiations

Negotiations on hold Image File history File links Flag_of_Costa_Rica. ... Image File history File links Flag_of_Panama. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Panama. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Colombia. ... The United States-Colombia Trade Promotion Agreement is a bilateral commercial treaty, whose objectives are eliminating obstacles to trade, consolidating access to goods and services and favoring private investment in and between both nations. ...

Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Ecuador. ...

See also

External links

The John Birch Society is a conservative American exceptionalist organization founded in 1958 to fight what it saw as growing threats to the Constitution of the United States, especially a suspected communist infiltration of the United States government, and to support free enterprise. ... OAS may stand for: Old Age Security Oracle Application Server Oral Allergy Syndrome Organisation de larmée secrète Organization of American States Office Automation Systems Option Adjusted Spread Oas, Albay is a municipality in the Philippines. ...

Articles and papers

  • FTAA Delayed, Not Over. By Eric Farnsworth, Council of the Americas, December 2005
  • Whither the FTAA? (November 10, 2005), Guyana Chronicle Newspaper
  • Canada, Chile thwart U.S.–Brazilian plan, AP news article
  • Myths of the FTAA, FoodFirst.org Institute for Food and Development Policy
  • Why say no to FTAA, bilaterals.org
  • The Free Trade Area of the Americas and the Threat to Social Programs, Environmental Sustainability and Social Justice in Canada and the Americas
is the 314th day of the year (315th in leap years) in the Gregorian calendar. ...

  Results from FactBites:
 
Free Trade Area of the Americas - Wikipedia, the free encyclopedia (1288 words)
The Free Trade Area of the Americas (FTAA) is a proposed agreement to eliminate or reduce trade barriers among all nations in the American continents (except Cuba and Venezuela, which entered the Bolivarian Alternative for the Americas in response).
Talks began with the Summit of the Americas in Miami on December 11, 1994, but the FTAA came to public attention during the Quebec City Summit of the Americas in 2001, a meeting targeted by massive anti-corporatization and anti-globalization protests.
The Free Trade Area of the Americas is known in Spanish as the Área de Libre Comercio de las Américas (ALCA), in French as the Zone de libre-échange des Amériques (ZLEA), and in Portuguese as the Área de Livre Comércio das Américas (ALCA).
Free Trade Area of the Americas - definition of Free Trade Area of the Americas in Encyclopedia (456 words)
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.
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 2001, a meeting targeted by massive anti-corporatization protests.
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 property.
  More results at FactBites »

 
 

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