Word: naftas
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...PSLM members said the FTAA, a treaty that attempts to extend the provisions of the North American Free Trade Agreement (NAFTA) to all the Americas by 2003, would infringe upon the democratic self-government of developing countries...
...Brazilian president Henrique Cardoso wasn't standing anywhere near Bush at that moment. Brazil, to put it simply, is the head of the skeptics. Mercosur, the South American trading bloc, isn't as thorough a free-trade area as NAFTA, and is beset with internal squabbles. But they have their pride. When Brazil hears Bush talk about three competing world trade zones, it wonders whether South America wouldn't be better off as a fourth leg - doing, as it is now, a nice little business with Europe as well as North America - rather than living in the NAFTA shadow...
...Bush rightly sells NAFTA as an example of how free trade can help the little partner along with the big - "Canada has benefited, Mexico has benefited, the U.S. has benefited" - but to Brazil, they all look pretty big up north, and Washington in particular doesn't seem to want to give as good as it gets. The last of the significant U.S. tariffs under NAFTA, known euphemistically as "anti-dumping laws," have deeply entrenched support in Congress, and Brazil has cause to wonder whether Latin American-produced commodities like sugar will ever find as hospitable a welcome...
...PSLM members said the FTAA, a treaty that attempts to extend the provisions of the North American Free Trade Agreement (NAFTA) to all the Americas by 2003, would infringe upon the democratic self-government of developing countries...
...members are all for free trade, but they worry that, without tough provisions on labor rights, the FTAA will turn the U.S. into a "dump market" for low-priced sugar. That kind of rhetoric is one reason no comprehensive trade bill has passed the U.S. Congress since the NAFTA accord. After that, the Clinton administration repeatedly failed to win fast-track authority - the ability to pass trade bills without worrying about legislative amendments - from a U.S. Congress skeptical of the White House commitment to protecting American jobs. Labor and environmental standards are "directly relevant to the structure of international competition...