Free Trade Area of the Americas (FTAA), proposed free-trade zone encompassing all of the Americas.

The Free Trade Area of the Americas (FTAA) was a proposed agreement to eliminate or reduce the trade barriers among all countries in the Americas, excluding Cuba.

Links to FTAA Countries

1995

First, the FTAA failed to include environmental and labor standards, thus making it difficult for the U.S. to export to countries of low wages and lax environmental enforcement. Second, the agreement would cost the U.S. millions of manufacturing jobs.

Although the countries worked on it for a decade, it was never finalized. Negotiations began right after the completion of the North American Free Trade Agreement in 1994. They were supposed to have been completed by January 1, 2005. As a result, FTAA negotiations were abandoned in November 2004.

The FTAA is modeled after NAFTA, which created an import duty-free zone across the North American continent. Economists reasoned that this ‘free trade’ zone would allow all three North American nations to prosper by allowing goods to move across borders more freely.

The governments of the Americas are committed to establish, by 2005, a Free Trade Area of the Americas (FTAA). Canada has been the foremost promoter of the FTAA, and the single most important driving force behind the process as it has evolved over the last five years.

A new Canada-United States-Mexico Agreement In 1994, the United States, Mexico and Canada created the largest free trade region in the world with the North American Free Trade Agreement (NAFTA), generating economic growth and helping to raise the standard of living for the people of all three member countries.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between Canada and 10 other countries in the Asia-Pacific region, including Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Canada’s Merchandise Trade with China British Columbia – $6.9 billion, an increase from $6.1 billion in 2016. Alberta – $3.9 billion, an increase from $3.1 billion in 2016.

Despite a downturn in goods exports in 2019, bilateral goods trade has grown at a rate of 11% per-year, and services trade has grown at a rate of 12% per-year. 2, 3 It follows that China’s share of Canada’s trade has risen dramatically in the last 20 years, from about 1% in 2000 to nearly 6% in 2019.

Afghanistan ($5.94 billion) Israel ($3.11 billion) Jordan ($1.67 billion) Egypt ($1.23 billion)…US Foreign Aid by Country.

India

United States