free trade area of the americas


What is the FTAA? In 1994, the leaders of the thirty-four democratic countries of the Western Hemisphere launched the process of creating a Free Trade Area of the Americas (FTAA). The FTAA will be established by 2010 with the aim of gradually eradicating barriers to trade and investment in the region. The final characteristics of the FTAA will be determined through negotiations by government officials from the thirty-four participating countries. The trade issues that are presently under discussion are: market access, investment, services, government procurement, dispute settlement, agriculture, intellectual property, antidumping, subsidies and countervailing duties and competition policy (1).




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