The new political climate is favourable to projects for regional integration other than the US-led free trade area of the Americas, the most radical being the mutually helpful Bolivarian Alternative.
Caribbean leaders are reconsidering the region’s strategic alliances, including a possible free trade agreement with Venezuela as an alternative to the stalled Free Trade Area of the Americas (FTAA) negotiations.
Bolivian President Evo Morales used his inaugural address Sunday to renew his pledge to nationalize the country’s vast natural gas reserves, but said he’s open to the idea of a large US-sponsored trade zone he harshly criticized last year during his campaign.
President Alejandro Toledo endorsed Miami as the headquarters for a proposed free trade secretariat as Florida Gov. Jeb Bush completed a two-day trade visit to Ecuador and Peru.
Venezuela today gained entry into the South American trade group Mercosur, a move pursued by President Hugo Chavez to help strengthen regional agreements and thwart a US-sponsored accord for the hemisphere.
When the Bush cabinet announced intentions to revive the moribund Free Trade Area of the Americas at the Fourth Summit of the Americas in Mar del Plata, the countries of the Southern Common Market closed ranks to prevent it. What followed was a diplomatic melee that reflects not so much divisions within Latin America, as a growing resistance to the current free trade model throughout the developing world.
Most of the countries in Latin America and the Caribbean want a Free Trade Area of the Americas (FTAA), even in a less ambitious form, as opposed to a handful of nations - albeit an economically powerful minority - that reject the idea.
In the aftermath of the U.S. failure in Argentina, the Bush administration continues to work for bilateral or sub-regional free trade agreements throughout the Americas.
Indigenous movements are indeed a threat to the free-trade policies Bush is hawking, with ever fewer buyers, across Latin America. Their power comes not from terror but a terror-resistant strain of hope, so sturdy it can take root in the midst of Colombia’s seemingly hopeless civil war.
A two-day summit meeting of leaders of 34 Western Hemisphere nations attended by President Bush was drawing to a close here on Saturday without a clear agreement on when and how to resume stalled talks aimed at achieving a hemispherewide free trade agreement.
Leaders debating whether to revitalize talks on a free trade zone spanning the Americas ended their two-day meeting Saturday without an agreement.
Anti-American demonstrators torched storefronts and battled police Friday in this Atlantic resort following a large, peaceful protest, spearheaded by Venezuelan President Hugo Chavez, over President Bush’s plans to revive a free trade accord at a regional summit.
The 3rd Peoples’ Summit is closing Thursday its three marathonic days of searching for an alternative model to neoliberalism with a hemispheric demonstration repudiating US President George W Bush.
It’s Bush vs. Chavez as 33 heads of state meet Friday for Summit of the Americas.
The Free Trade Area of the Americas (FTAA) will become a reality only if the United States allows increased market access for Brazilian agriculture and competitive manufactures and if Brazil reciprocates by opening its market to foreign competition in goods and services.
"The FTAA has stalled, I agree," Bush said on Tuesday. "On the other hand, at this point in time, the Doha round really trumps the FTAA as a priority, because the Doha round not only involves our neighborhood, it involves the whole world."
From November 4-5th, 2005, the heads of state of 34 countries in the Americas will meet in Mar del Plata, Argentina, to push the Free Trade Area of the Americas (FTAA) forward. One big issue at the helm this year are the bilaterals - otherwise known as the FTAA’s babies - which establish free trade agreements on smaller scales.
Dozens of business groups from throughout the Americas are urging regional governments to adopt economic and trade reforms to give a boost to upcoming World Trade Organisation talks and a stalled regional free trade agreement.
The talks on a future Free Trade Area of the Americas (FTAA) have divided Latin American states into different interest groups prior to the 4th Summit of the Americas to be held in Argentina on Nov. 4-5.
Venezuela’s President Hugo Chavez has accused his US counterpart George W Bush of trying to restore the Free Trade Area of the Americas (FTAA), which is a dead project, he asserted.