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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
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Some common words found in the essay are:
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Approximate Word count = 713
Approximate Pages = 3 (250 words per page)
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