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FTAA (Free Trade Area of the Americas) Updated 12 September 2008
Talks began at the Summit of the Americas held in Miami, USA, on 11 December 1994.
Proposed agreement (an extension of the NAFTA Agreement): To eliminate or reduce trade barriers
among the 34 democratic nations in the Americas.
Countries involved in negotiations.
Impasse in the negotiations is due to conflicting needs of the more- and less-developed nations.
(1) Developed nations, under the leadership of the USA, seek expanded trade in services and
Talks began at the Summit of the Americas held in Miami, USA, on 11 December 1994.
Proposed agreement (an extension of the NAFTA Agreement): To eliminate or reduce trade barriers
among the 34 democratic nations in the Americas.
Countries involved in negotiations.
Impasse in the negotiations is due to conflicting needs of the more- and less-developed nations.
(1) Developed nations, under the leadership of the USA, seek expanded trade in services and
| F T A A |
increased intellectual property rights. (2) Less developed nations, led by Brazil, seek end to agricultural
subsidies and freer trade in agricultural goods.
Check Out: Hemispheric Database – general information, trade statistics and tariffs – for nations in proposed
free-trade area.
subsidies and freer trade in agricultural goods.
Check Out: Hemispheric Database – general information, trade statistics and tariffs – for nations in proposed
free-trade area.
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Generalized System of Preferences (GSP), United Nations Conference on Trade and Development
(UNCTAD) – provides information on existing GSP schemes for the benefit of government officials, exporters, and
others.
NAFTA Trilateral Websites, U.S. Customs & Border Protection – provides advisory information only on a
wide range of customs-related issues.
NAFTA Secretariat – administers mechanisms for resolving trade disputes between national industries and/or
governments of the region.
Office of the United States Trade Representative – Trade Agreements.
SICE – The Foreign Trade Information System of the OAS (Organization of American States) – offers the
following world trade information:
- Trade Agreements, classified by type and signatory country;
- Trade Policies;
- Trade Issues – anti-dumping, competition policy, dispute settlement, electronic commerce, intellectual
property rights, investment, services, technical barriers to trade, and more; - Tariffs;
- Update on the FTAA (Free Trade Area of the Americas) process; and
- Up-to-date trade news.
World Trade Organization (WTO) Tariff Schedules for Agricultural Products, Available by County and
Product Classification, United States Department of Agriculture, Foreign Agricultural Service (FAS).
2008 National Trade Estimate Report on Foreign Trade Business by County
Annual series, provided by the Office of the United States Trade Representative, that surveys significant foreign
barriers to U.S. exports. The report provides, where feasible, quantitative estimates of the impact of these
foreign practices on the value of U.S. exports. Information is also included on action taken to eliminate barriers.
- DISCLAIMER: Links to other websites are provided for informational purposes only. RBITS is not responsible for
the information contained in articles and sites nor should it be construed that RBITS endorses the views contained
therein.
| COPYRIGHT © 2006-2008 rosalienebacchus.com. ALL RIGHTS RESERVED. THIS PAGE WAS LAST UPDATED ON: 12 SEPTEMBER 2008 WEB SITE DESIGNED WITH YAHOO! SITEBUILDER BY ROSALIENE BACCHUS |
Click here for a map of the region
Goals: Creation of a free trade block similar to NAFTA and a step forward towards the formation of the FTAA.
Check Out: For more information, check out the following sites:
Goals: Creation of a free trade block similar to NAFTA and a step forward towards the formation of the FTAA.
Check Out: For more information, check out the following sites:
| C A F T A |
DR-CAFTA (Dominican Republic-Central America Free Trade Agreement) Updated 12 Sept 2008
Negotiations for CAFTA began in January 2003 between the USA and Central America. It was
renamed DR-CAFTA when the Dominican Republic, a Caribbean country, joined the negotiations.
The agreement was signed in May 2004.
Countries which signed the agreement include: Costa Rica, Dominican Republic, El Salvador,
Guatemala, Honduras, Nicaragua, and the United States. Costa Rica has until October 1, 2008 to
complete the legislative and regulatory process to become a full member.
Negotiations for CAFTA began in January 2003 between the USA and Central America. It was
renamed DR-CAFTA when the Dominican Republic, a Caribbean country, joined the negotiations.
The agreement was signed in May 2004.
Countries which signed the agreement include: Costa Rica, Dominican Republic, El Salvador,
Guatemala, Honduras, Nicaragua, and the United States. Costa Rica has until October 1, 2008 to
complete the legislative and regulatory process to become a full member.
Suriname (both members of CARICOM).
Note: French Guiana, the remaining South American country, is an Overseas Department of France and is
therefore a member of the European Union (EU).
The main goal of this agreement is to unite MECROSUR and the Andean Community as well as Chile, Guyana
and Suriname to form a community similar to the European Union (EU) with a common currency, parliament and
passport. The union is projected for completion by 2019.
With regards to trade issues, member nations will work towards eliminating tariffs on non-sensitive products by
2014 and sensitive products by 2019.
Recent Developments: South American Union of Nations Constitutive Treaty signed by all members in
Brasilia, Brazil, on May 23, 2008. Decision taken to constitute UNASUR as an entity with international judicial
character.
Note: French Guiana, the remaining South American country, is an Overseas Department of France and is
therefore a member of the European Union (EU).
The main goal of this agreement is to unite MECROSUR and the Andean Community as well as Chile, Guyana
and Suriname to form a community similar to the European Union (EU) with a common currency, parliament and
passport. The union is projected for completion by 2019.
With regards to trade issues, member nations will work towards eliminating tariffs on non-sensitive products by
2014 and sensitive products by 2019.
Recent Developments: South American Union of Nations Constitutive Treaty signed by all members in
Brasilia, Brazil, on May 23, 2008. Decision taken to constitute UNASUR as an entity with international judicial
character.
| U N A S U R |
UNASUR/UNASUL (Union of South American Nations) formerly known as
SACN (South American Community of Nations) Updated 12 September 2008
Agreement signed in December 2004 by the presidents or their representatives of 12 South American
nations. Members include the following nations:
SACN (South American Community of Nations) Updated 12 September 2008
Agreement signed in December 2004 by the presidents or their representatives of 12 South American
nations. Members include the following nations:
- Andean Community – Bolivia, Colombia, Ecuador and Peru;
- Mercosur – Argentina, Brazil, Paraguay, Uruguay and Venezuela; and
- Other Countries – Chile (associate member of both South American blocks), Guyana and
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