A Free Trade Area of the Americas: Status of Negotiations and Major Policy Issues

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At the second Summit of the Americas in Santiago, Chile (April 1998), 34 Western Hemisphere nations agreed to initiate formal negotiations to create a Free Trade Area of the Americas (FTAA) by 2005. The process so far has led to two draft texts, the second completed for the November 1, 2002 trade ministerial in Quito, Ecuador. A year later, the third draft is expected at the eighth trade ministerial scheduled for November 17-21, 2003 in Miami. Although implementing legislation is not anticipated until the next Congress, for an FTAA to be signed in January 2005, the 108th Congress will play ... continued below

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6 pages.

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Hornbeck, J. F. May 14, 2003.

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Description

At the second Summit of the Americas in Santiago, Chile (April 1998), 34 Western Hemisphere nations agreed to initiate formal negotiations to create a Free Trade Area of the Americas (FTAA) by 2005. The process so far has led to two draft texts, the second completed for the November 1, 2002 trade ministerial in Quito, Ecuador. A year later, the third draft is expected at the eighth trade ministerial scheduled for November 17-21, 2003 in Miami. Although implementing legislation is not anticipated until the next Congress, for an FTAA to be signed in January 2005, the 108th Congress will play a crucial role during this last phase of the negotiations given its expanded consultative and oversight authority as defined in the Trade Promotion Authority (TPA) provisions of the Trade Act of 2002 (P.L. 107-210). This report will be updated periodically.

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6 pages.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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  • May 14, 2003

Added to The UNT Digital Library

  • June 12, 2005, 12:55 p.m.

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  • Jan. 24, 2017, 3:05 p.m.

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Hornbeck, J. F. A Free Trade Area of the Americas: Status of Negotiations and Major Policy Issues, report, May 14, 2003; Washington D.C.. (digital.library.unt.edu/ark:/67531/metacrs5597/: accessed September 19, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.