We are mindful that negotiations must aim at a balanced agreement that
addresses the issue of differences in the levels of development and size of
economies of the hemisphere, through various provisions and mechanisms.
Taking into account and acknowledging existing mandates, Ministers
recognize that countries may assume different levels of commitments. We will
seek to develop a common and balanced set of rights and obligations applicable
to all countries. In addition, negotiations should allow for countries that so
choose, within the FTAA, to agree to additional obligations and benefits. One
possible course of action would be for these countries to conduct plurilateral
negotiations within the FTAA to define the obligations in the respective
individual areas.
We fully expect that this endeavor will result in an appropriate balance of
rights and obligations where countries reap the benefits of their respective
commitments.î