No
The Free Trade Area of the Americas (FTAA) was an attempt to create a neoliberal free trade agreement that expanded the North American Free Trade Agreement (NAFTA) [1] to every country in North America, Central America, South America and the Caribbean, except Cuba. Negotiations began right after the completion of NAFTA in 1994 and were supposed to have been completed by January 1, 2005.
But an exciting thing happened: the FTAA was not signed. In fact just the opposite. Led by strong social movements across the hemisphere, governments of the countries of Venezuela, Argentina, Bolivia, and Brazil said NO to a model that has increased poverty across the globe, and are instead searching for a better model of regional integration. After several rounds of negotiations and summits greeted by civil society counter summits and protests, the negotiation for the FTAA were abandoned in November 2004.
Resources:
Free Trade Impacts On:
- Food Security, Farming [8]
- Environment [9]
- Investor Rights or Citizen Rights [10]
- Free Trade, the Environment, and Biotech [11]