This is the Spanish language version of "Toward Free Trade in
America." " " In the past 15 years, the nations of the Western
Hemisphere have staged a remarkable revolution --in the way they
trade with their neighbors. First, after decades of restrictive
import policies, several countries began to liberalize their trade
and investment regimes. Then, beginning a decade ago, numerous
bilateral and sub-regional trade agreements were achieved, to serve
as vital complements to domestic reforms and to foster trade flows
among member countries. At the Second Summit of the Americas in
1998, negotiations among 34 democracies were launched to establish
the Free Trade Area of the Americas (FTAA).
This report takes stock of the remarkable progress to date in
the development of free trade in the Western Hemisphere. It
examines trade flows between countries in the same regional
groupings and between members of different sub-regional
arrangements. The report describes the main characteristics of the
trade arrangements signed between countries of the Hemisphere and
explores the development of trade rules in these arrangements.
Finally, the report details recent advances in the construction of
the FTAA.
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