FTAA
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In 1994, the Free Trade Area of the Americas (FTAA) was initiated at the Summit of the Americas. The goal behind the FTAA is to create a single free trade market out of all the economies of the Western Hemisphere. President Bush was recently extended Fast Track Authority (FTA), a free trade tool he hopes to use to create a single market from Canada to Argentina. The Western Hemisphere comprises 40 million square kilometers, a market of more than 800 million people, and a combined GDP of over $11 trillion dollars (Free 1). Throughout the Western Hemisphere there are already trade arrangements on a regional scale. The Andean Community, the Central American Common Market (CACM), Caricom, Mercosur, the Group of Three (G-3), and the North American Free Trade Agreement (NAFTA) already exist. In 1994, greater interdependence in the Americas was sought by the 34 democratic countries in the Western Hemisphere who met at the historic first Summit of the Americas in Miami (Free 2). At this meeting, of which there have been subsequent ones, a Declaration of Principles was adopted with the objectives of “expanding prosperity through economic integration and free trade, eradicating poverty and discrimination, and guaranteeing sustainable development while protecting the environment” (Free 2). This analysis will review the history, goals, and progress of creating the FTAA.
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r, there are 9 top export markets in the Americas that are responsible for more than $100 million worth of U.S. exports at the present time, with six more rapidly approaching that number (SEE APPENDIX, pg. 6-7).
U.S consumer food exports have also been on the rise in many countries in the Americas, as the table below amply demonstrates:
U.S. Consumer Food Exports Showing Strong Growth
Value
($mil.)
1990
1997
Canada
3,010.7
4,851.5*
Mexico
575.0
1,581.0
Brazil
20.2
160.7
Dominican Repub.
15.7
85.9*
Colombia
14.0
85.6
Argentina
4.1
67.9*
Panama
43.1
61.5*
Venezuela
29.1
59.1
Guatemala
6.9
53.0*
Chile
4.6
40.1*
Costa Rica
10.6
35.9*
Peru
8.6
32.4*
Honduras
5.6
31.6*
Ecuador
3.8
30.1*
El Salvador
5.2
17.6
(Opportunities 2)
Surely the integration of economies and the liberalization of trade in all countries in the Western Hemisphere but Cuba will only increase the number of exports in many industries, from agriculture to automobiles. There are numerous opportunities for development for deve
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Some common words found in the essay are:
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Approximate Word count = 2165
Approximate Pages = 9 (250 words per page)
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