Word: ftaa
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...While fully aware of the difficulties, Barshefsky, now a visiting public-policy scholar at the Woodrow Wilson Center in Washington, argued that the FTAA talks reflect "a convergence in our hemisphere along the lines of market economics, democracy, shared ideals and common aspirations." She was hopeful about the will of the Bush administration to support the FTAA process, and even try to push it faster by agreeing to put such controversial U.S. practices as antidumping legislation on the table for improvement. And she downplayed the divergences among countries on a bulky, draft version of the trade agreement with the observation...
...trade talks with the U.S. "Growth is the key question facing Latin America today," Velasco said. Analyzing the ways that developing nations could achieve more rapid growth, he said a "great bet for the next decade" was to "integrate yourself into a richer area" - precisely the path of the FTAA. "You import the institutions and procedures of that richer area, and then you grow. That works," he said, citing such cases as Portugal, Ireland and Greece in Europe, "countries that have caught up very quickly to the income of that area." The economic success of Mexico in the wake...
...Courtis said, "because if you don't, we risk losing a lot of what we spent 20 years building. We're in a new game, and basically that new game can be played only if Brazil and the U.S. join and drive this process." If they do, and the FTAA is realized, Courtis said, it would lead to a substantial increase in investment in Latin America, higher growth, lower inflation and, over time, much better fiscal positions for the whole region. "It creates a self-reinforcing dynamic on the upside." To get there, he added, "people have to be given...
...Courtis's assessment drew a mixed response from Herminio Blanco, who was Mexico's trade minister from 1994 to 2000 and is now a consultant in Mexico City. For one thing, Blanco agreed emphatically that the FTAA is a powerful engine for prosperity. "Who could have thought in 1991, when we were negotiating NAFTA, that we would become the second customer and second supplier of the U.S.?" he asked rhetorically. "For Mexico, NAFTA has meant more than 1 million jobs." In the interim, Mexico has negotiated free-trade agreements with 12 other countries in the hemisphere, as well as with...
...also pointed out that so far, negotiators have been highly creative in making deals that did not add new burdens to trading partners but instead left the onus on them to enforce their own labor and environmental standards. The same could be true, she implied, in the FTAA...