Word: traded
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Dates: during 1960-1969
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...Pressure the industrialized nations, through the good offices of the U.S., to grant trade concessions to the Latin American countries so that their main exports-coffee, sugar and copper-will no longer be adversely affected by wild fluctuations in world markets...
...more unusual because Johnson came south with surprisingly little in his pockets to give the Latin Americans. Unlike the original Alliance for Progress, with its main stress on U.S. aid combined with land and tax reforms in Latin America, Johnson's new program rested chiefly on increased trade and Latin American selfhelp. "I represent a nation committed by history, by national interest and by simple friendship to the cause of progress in Latin America," Johnson told his fellow Presidents. "But the assistance of my nation will only be useful as it reinforces your determination and builds on your achievements...
...Establish a common market that will ultimately unite Latin America from Mexico to Argentina in one huge free-trade zone. Under the plan, the Latin American Common Market will begin operation in 1970, gradually lower tariffs until by 1985 goods will flow unimpeded throughout the entire area. As a companion piece, the Presidents also intend to establish a Latin American stock market so that people in one country can easily invest in enterprises in other countries...
...Build more roads from country to country, improve harbors and construct new satellite-using telecommunications systems to enable Latin Americans to travel, trade and talk more readily among themselves...
There can be no doubt that a more rational organization of capital and labor and trade is crucial for Latin America. But beyond this, there are larger questions. Who will reap the benefits of this expanded market south of Texas...