Negotiations on a Free Trade Area of the Americas (FTAA) were
officially launched at the Santiago Summit in April 1998. This
study examines the prospects for the FTAA in light of recent
economic and political turmoil in Latin America and the continuing
impasse over US "fast-track" authority. The study evaluates
progress to date in the trade talks and proposals for accelerating
the target date of January 2005 for concluding negotiations, and it
takes into account the results of the April 2001 Quebec Summit. It
surveys regional interests in the wide-ranging negotiating agenda
and assesses the "readiness" of countries to participate in a
hemisphere-wide free trade zone (based on updated "readiness
indicators" originally developed by Hufbauer and Schott in their
1994 study, Western Hemisphere Economic Integration).
General
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