WHAT IS FREE TRADE
OF THE AMERICAS?
Talks began in April 1998 to establish a Free Trade of The Americas (FTAA) by
2005
The FTAA was not established and now support from the U.S. and Brazil is mixed
the U.S. wants stricter enforcement if intellectual property rights
Brazil and Argentina want the U.S. to eliminate agricultural subsidies and tariffs
If the FTAA is established, it will have major implications for cross-border trade
and investment flows within the hemisphere
would create a free trade area of 850 million people who accounted for nearly $18 trillion in
GDP in 2008