More Latin, Less America?

There will be a Free Trade Area of the Americas.

Issue: Fall 2003

Shortly after becoming president, George W. Bush embarked on a campaign to expand the North American Free Trade Area (NAFTA) to encompass 34 nations in the Western Hemisphere, spanning from Canada in the north to Argentina and Chile in the south. The new trade bloc--the Free Trade Area of the Americas (FTAA)--would include over 800 million consumers and a total economy of some $13 trillion. Bush repeatedly stated that the free trade area would strengthen democracy, promote economic integration and bring peace and prosperity to Latin America, all of which the President, speaking at the Third Summit of the Americas in April 2001 in Quebec City, described as vital to U.S. national interests.

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