Leaders of Western Hemisphere countries have agreed to negotiate a Free Trade Area of the Americas (FTAA) agreement by 2005. FTAA’s objective is to promote economic growth and democracy by eliminating barriers to trade in all goods (including agricultural and food products) and services, and to facilitate investment. If diplomats reach agreement, free trade in the hemisphere could occur by 2020. Negotiations on FTAA’s agriculture component have become contentious. This report discusses the controversial aspects of FTAA, describes the advantages and disadvantages of FTAA, and discusses FTAA in relation to the existing North American Free Trade Agreement (NAFTA).
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Description
Leaders of Western Hemisphere countries have agreed to negotiate a Free Trade Area of the Americas (FTAA) agreement by 2005. FTAA’s objective is to promote economic growth and democracy by eliminating barriers to trade in all goods (including agricultural and food products) and services, and to facilitate investment. If diplomats reach agreement, free trade in the hemisphere could occur by 2020. Negotiations on FTAA’s agriculture component have become contentious. This report discusses the controversial aspects of FTAA, describes the advantages and disadvantages of FTAA, and discusses FTAA in relation to the existing North American Free Trade Agreement (NAFTA).
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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-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.
Jurenas, Remy.Agricultural Trade in the Free Trade Area of the Americas,
report,
October 31, 2003;
Washington D.C..
(https://digital.library.unt.edu/ark:/67531/metacrs8849/:
accessed January 21, 2025),
University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu;
crediting UNT Libraries Government Documents Department.