What Is South America`s Concern About The Free Trade Agreement Of The Americas (Ftaa) Answers.com
December 20, 2020
In previous negotiations, the United States had insisted that a single comprehensive agreement be reached to remove trade barriers for products, while strengthening intellectual property protection. Specific intellectual property protection could include copyright protection in the style of the Digital Millennium Copyright Act, similar to the U.S.-Australia Free Trade Agreement. Another protection would likely have limited the importation or importation of drugs, as would the proposed agreement between the United States and Canada. Brazil adopted a three-pronged approach, calling for a series of bilateral agreements to reduce specific tariffs on goods, a hemispheric pact on rules of origin and a dispute settlement procedure, which proposed that Brazil neglect the most controversial issues of the Free Trade Agreement and leave them to the WTO. During the last round of negotiations, trade ministers from 34 countries met in November 2003 in Miami, Florida, USA to discuss the proposal.  The proposed agreement was an extension of the North American Free Trade Agreement (NAFTA) between Canada, Mexico and the United States. Cuba, Venezuela, Bolivia, Ecuador, Dominica and Nicaragua (all entered into the Bolivarian alternative for America in response) and Mercosur member countries were opposed to this proposal. Discussions on issues similar to those of the Doha Round for development of the World Trade Organization (WTO) have stalled; Developed countries sought to expand trade in services and expand intellectual property rights, while less developed countries sought to end agricultural subsidies and free trade in agricultural goods. Like the WTO negotiations, Brazil has played a leading role among less developed countries, while the United States has played a similar role for developed nations. President Donald Trump cried as he promised to repeal NAFTA and other trade deals he considered unfair to the United States. On August 27, 2018, he announced a new trade agreement with Mexico, which is expected to replace it. The U.S.-Mexico trade agreement, as has been said, would maintain duty-free access for agricultural products on both sides of the border and eliminate non-tariff barriers, while encouraging more agricultural trade between Mexico and the United States and effectively replacing NAFTA.
The last summit was held in Mar del Plata (Argentina) in November 2005, but no agreement was reached on a free trade agreement. Of the 39 negotiations, 20,20 countries agreed to reconvene in 2006 to resume negotiations, but no meetings were held. The failure of the Mar del Plata Summit to establish a comprehensive agenda for free trade agreements was not well received. From the beginning, critics of NAFTA feared that the agreement would lead to the United States.