Svoboda | Graniru | BBC Russia | Golosameriki | Facebook
SlideShare a Scribd company logo

Ftaa...niloy

•Download as PPTX, PDF•
•

The FTAA was an attempt to create a free trade agreement that expanded NAFTA throughout North America, Central America, South America, and the Caribbean, excluding Cuba. Negotiations began in 1994 with the goal of completing the agreement by 2005. However, the FTAA was never signed due to large protests. The FTAA would have united the economies of the Americas into a single free trade area by progressively eliminating barriers to trade and investment among member countries.

1 of 10

1

Ftaa...niloy

2

What is FTAA? • Free Trade Area of the Americas • The effort to unite the economies of the Americas into a single free trade area began at the Summit of the Americas, which was held in December 1994 in Miami, U.S.A. • Barriers to trade and investment will be progressively eliminated • They agreed to complete negotiations towards this agreement by the year 2005

3

History.. • The Free Trade Area of the Americas (FTAA) was an attempt to create a neoliberal free trade agreement that expanded the North American Free Trade Agreement (NAFTA) to every country in North America, Central America, South America and the Caribbean, except Cuba. • Negotiations began right after the completion of NAFTA in 1994 and were supposed to have been completed by January 1, 2005. • But an exciting thing happened: the FTAA was not signed.

4

History… • Free Trade Area of the Americas began with the Summit of the Americas in Miami, Florida, on December 11, 1994, • The Miami negotiations in 2003 met similar protests, though perhaps not as large.

5

Members… • The following countries are in the plans of the Free Trade Area of the Americas:

6

Chairmanship of the Negotiations… Chairmanship Vice- May 1, 1998 - 31, 1999 Canada Argentina November 1, 1999 - April 30, 2001 Argentina Ecuador May 1, 2001 - 31, 2002 Ecuador Chile Co-Chairs November 1, 2002 - conclusion of the negotiations Brazil and United States of America

7

Objectives of the FTAA: 1. Member states of the FTAA stated the following objectives: 2. Promote prosperity through increased integration and free trade 3. Establish a Free Trade Area in which barriers to trade in goods, services and investment are progressively eliminated by no later than 2005 4. Maximize market openness 5. Facilitate integration of smaller economies into the FTAA 6. Secure observance and protection of worker rights

8

Function of the FTAA… • Official Function of the FTAA:"We, the Ministers, reaffirm our commitment to the successful conclusion of the FTAA negotiations by January 2005, with the ultimate goal of achieving an area of free trade and regional integration. The Ministers reaffirm their commitment to a comprehensive and balanced FTAA that will most effectively foster economic growth, the reduction of poverty, development, and integration through trade liberalization.

9

Function of the FTAA… • Unofficial Function of the FTAA:The Free Trade Area of the Americas is to guarantee control for North American businesses over a territory which stretches from the Arctic to the Antarctic, free access over the entire hemisphere without any difficulty or obstacle for our products, services, technology and capital.

10

Ftaa...niloy

More Related Content

Ftaa...niloy

  • 2. What is FTAA? • Free Trade Area of the Americas • The effort to unite the economies of the Americas into a single free trade area began at the Summit of the Americas, which was held in December 1994 in Miami, U.S.A. • Barriers to trade and investment will be progressively eliminated • They agreed to complete negotiations towards this agreement by the year 2005
  • 3. History.. • The Free Trade Area of the Americas (FTAA) was an attempt to create a neoliberal free trade agreement that expanded the North American Free Trade Agreement (NAFTA) to every country in North America, Central America, South America and the Caribbean, except Cuba. • Negotiations began right after the completion of NAFTA in 1994 and were supposed to have been completed by January 1, 2005. • But an exciting thing happened: the FTAA was not signed.
  • 4. History… • Free Trade Area of the Americas began with the Summit of the Americas in Miami, Florida, on December 11, 1994, • The Miami negotiations in 2003 met similar protests, though perhaps not as large.
  • 5. Members… • The following countries are in the plans of the Free Trade Area of the Americas:
  • 6. Chairmanship of the Negotiations… Chairmanship Vice- May 1, 1998 - 31, 1999 Canada Argentina November 1, 1999 - April 30, 2001 Argentina Ecuador May 1, 2001 - 31, 2002 Ecuador Chile Co-Chairs November 1, 2002 - conclusion of the negotiations Brazil and United States of America
  • 7. Objectives of the FTAA: 1. Member states of the FTAA stated the following objectives: 2. Promote prosperity through increased integration and free trade 3. Establish a Free Trade Area in which barriers to trade in goods, services and investment are progressively eliminated by no later than 2005 4. Maximize market openness 5. Facilitate integration of smaller economies into the FTAA 6. Secure observance and protection of worker rights
  • 8. Function of the FTAA… • Official Function of the FTAA:"We, the Ministers, reaffirm our commitment to the successful conclusion of the FTAA negotiations by January 2005, with the ultimate goal of achieving an area of free trade and regional integration. The Ministers reaffirm their commitment to a comprehensive and balanced FTAA that will most effectively foster economic growth, the reduction of poverty, development, and integration through trade liberalization.
  • 9. Function of the FTAA… • Unofficial Function of the FTAA:The Free Trade Area of the Americas is to guarantee control for North American businesses over a territory which stretches from the Arctic to the Antarctic, free access over the entire hemisphere without any difficulty or obstacle for our products, services, technology and capital.