Word: ftaa
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...topic, the most skeptical panelist was the dean of U.S. economic experts on Brazil, Albert Fishlow, senior economist at the investment firm Violy, Byorum & Partners and head of the Center for the Study of Brazil at Columbia University in New York City. While Brazil has committed itself to the FTAA process, he said, there are few grounds for assuming that the country will be interested in speeding up the trade negotiations. Brazil is scheduled to preside with the U.S. over FTAA trade meetings in 2003 and 2004, so Brazilian officials "don't want to see their position of leadership...
...Forum on the Future A TIME panel agrees that the FTAA is the best bet for regalvanizing the hemisphere
...Scientific and Cultural Organization, will be fenced off and guarded by phalanxes of police in riot gear. Tens of thousands of protesters are expected to descend upon Quebec City to vent their spleen at capitalism, globalization and the evils of free trade and to demonstrate their conviction that the FTAA will make things worse instead of better. A minority have vowed to shut down the meeting, in a replay of the chaos that beset the 1999 gathering of the World Trade Organization in Seattle - a threat apparently serious enough to persuade the Canadian summit organizers to turn the meeting site...
...Even the terms of the proposed FTAA agreement indicate huge steps forward in the hemispheric agenda. A draft of the initial text was approved by negotiators in nine distinct trade sectors last December: a forbidding, 1,200-page document in which virtually every word is surrounded by brackets that indicate a lack of full agreement on the substance. "About the only things that aren't bracketed are the chapter titles," says a negotiator. The draft includes proposed tariff reductions on at least 7,000 products, from orange juice to rolled steel. As a map of negotiations still to come...
...that, virtually everyone agrees that the hardest work still lies ahead on a bewildering array of issues beyond the ken of most laypeople. And before the deals are reached - with four years to go before the FTAA deadline - uncertainty reigns. Hence the focus on disagreements, many of them vague and obscure, between the main regional trading blocs: NAFTA (total gross domestic product: $8.8 trillion) and Mercosur (total GDP: $1 trillion). The main anxiety is all too clear: fear of economic domination. In a hemispheric free-trade zone that includes the U.S., Canada and Mexico, predicts Josmar Verilla, vice president...