It was mentioned above in discussing the global welfare results of the FTAA that there
were indications of trade diversion for the non-member countries/regions. This can be seen more
clearly in Table 3, which shows the changes in bilateral trade flows associated with the FTAA.
Thus, intra-FTAA bilateral exports increase by $61.8 billion, and intra-FTAA bilateral imports
increase by $59.3 billion. Total U.S. exports increase by $22.7 billion, with $21.5 billion going to other FTAA members. Total U.S. total imports increase by $25.7 billion, whereas U.S.
imports from FTAA members increase by $27.3 billion. U.S. imports are seen therefore to
decline from all of the non-FTAA countries/regions shown. The changes in exports and imports
for the other FTAA members ñ Canada, Chile, Mexico, the CAC, and South America -- also
reflect the importance of their intra-FTAA trade, with somewhat different effects on their
exports/imports vis-‡-vis non-FTAA trading partners. In any event, the exports and imports of
the non-FTAA countries/regions can be seen to decline in total.