NAFTA is a starting point to opening the dynamic Latin American market for U.S. exporters of goods and services. But the failure of the U.S. to approach those countries in the past has prevented further market access negotiations and yielded valuable markets to their foreign competitors. Also, regional trade agreements like MERCOSUR have been created as a medium for Latin American trade. The benefits flow to members leaving non-members, like the U.S., at a competitive disadvantage. The U.S. needs to expand NAFTA in order to fulfill the promise of a broader hemispheric trade accord like the one proposed in the Free Trade Area of the Americas (FTAA).
|Presenter:||Yana Sirmanova (Undergraduate Student)|
|Time:||9:20 am (Session I)|