NAFTA and Beyond: Challenges for Extending Free Trade in the Hemisphere

The NAFTA increasingly looks like a "one-shot" deal with little of the ongoing deepening of economic relationships expected at the time of its negotiation and no provisions for ongoing negotiations. As a result, alternative trading arrangements may provide an opportunity to move the North American trade agenda forward. The FTAA is one alternative. The FTAA, however, is an extremely ambitious undertaking bringing together a large number of very divergent economies in terms of size, stage of economic development, economic performance and economic philosophy. This increases the complexity of negotiations and the probability of failure. The paper outlines the major areas where negotiations are likely to be difficult and provides suggestions regarding what has been learned from the NAFTA experience that is relevant to the FTAA.


Issue Date:
2002
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/23916
Published in:
Estey Centre Journal of International Law and Trade Policy, Volume 03, Number 2
Page range:
224-238
Total Pages:
15




 Record created 2017-04-01, last modified 2017-04-27

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