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The FTAA will boost trade and improve credit conditions throughout the hemisphere, but new disputes hamper progress.
Negotiations for the Free Trade Area of the Americas (FTAA) have never seemed so important or so unlikely to materialize. First proposed by President Clinton in 1994 and then promoted as a central goal of the early Bush administration, the FTAA will pull 34 nations in the Western Hemisphere into one free trade zone designed to vastly enhance regional trade. Although the U.S. goal is to complete the FTAA no later than January 2005 and meetings continue apace, trade relations among the FTAA nations have rarely been so volatile. Export growth and ...