Free Trade Area of the Americas

related topics
{company, market, business}
{government, party, election}
{country, population, people}
{law, state, case}
{work, book, publish}
{theory, work, human}
{specie, animal, plant}
{rate, high, increase}

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 Amerika) was a proposed agreement to eliminate or reduce the trade barriers among all countries in the Americas but Cuba. In the last round of negotiations, trade ministers from 34 countries met in Miami, Florida, United States, in November 2003 to discuss the proposal. [3] The proposed agreement was an extension of the North American Free Trade Agreement (NAFTA) between Canada, Mexico and the United States. Opposing the proposal were Cuba, Venezuela, Bolivia, Ecuador, Dominica, Nicaragua and Honduras (all of which entered the Bolivarian Alternative for the Americas in response), and Argentina, Chile and Brazil.

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.


Full article ▸

related documents
Carlos Salinas de Gortari
Government of Puerto Rico
Federal Reserve Act
Great Leap Forward
World Bank Group
Asia-Pacific Economic Cooperation
International Fund for Agricultural Development
ITT Corporation
Economy of Austria
Celtic Tiger
Five-Year Plans for the National Economy of the Soviet Union
Business model
Blood diamond
Zhu Rongji
Representative money
High-yield debt
Trade credit
W H Smith
Corel Corporation
Cash flow
Hilton Hotels Corporation
Transaction cost
Economy of Bermuda
Equity investment
Startup company
Economic bubble
Ernst & Young