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Free trade area of the americas and Brazil.
Title: Free trade area of the americas and Brazil.
Category: Business & Economy
Details: Words: 288 | Pages: 1.2 (approximately 235 words/page)
Free trade area of the americas and Brazil.
FTAA (Free trade area of the Americas)
- 34 democracies of the Americas (except Cuba and Guiana)
- aims for the eventual elimination of trade tariffs between all participating countries.
- 9 FTAA negotiated groups: market access; investment; services; government procurement; dispute settlement; agriculture; intellectual property rights; subsidies, antidumping and countervailing duties
Brazil
- one of the most reluctant participants in the negotiations for the creation of FTAA
- the largest economy in South America, representing 40% of the region's GDP
- keen to …showed first 75 words of 288 total…
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…showed last 75 words of 288 total…boost economic growth by stimulating investment and reallocating capital and create additional economic gains over the long term
-Improve the stability of the hemisphere and deepen the trade liberalization that is currently taking place
Costs
With an FTAA, the US and Canada will increase their agricultural market share in Brazil. If US/Brazil phytosanitary problems are resolved and given competitive transport costs to northeast Brazil, the US share of Brazil's imports would likely increase further.
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