Thursday, January 7, 2010

Free Trade Area of Americas-FTAA

Free Trade Area of Americas-FTAA

Free Trade Area of the Americas - Free Trade Area of the AmericasFree Trade Area of the Americas (FTAA) was formally established, will be formed that includes 34 countries, covering more than 800 million people, nearly 10 trillion value of the world's largest free trade area, and with the European Union (EU) and Asia-Pacific Economic Cooperation ( APEC) together constitute the basic pattern of global trade and investment. Thus, FTAA will be the establishment of the world trading system in a landmark event.

Free Trade Area of the Americas (FTAA) to establish the basic reasonFTAA (Free Trade Area of Americas, FTAA) the assumption that in the Western Hemisphere summit in Miami in 1994, the United States proposed at the meeting, the aim is to early 2005 in the western hemisphere to establish one of the world's largest annual GDP amounting to 14 trillion U.S. dollars, with 800 million population of free trade zone. FTAA is established, will be the world's largest free trade zone.

Free Trade Area of the Americas official website: http://www.ftaa-alca.org/