An FTAA that provides gains to all participants remains a major challenge for LA. Given the demanding pre-conditions required in these and other negotiations with industrial countries, I am unsure whether all LA countries will be able to confront this challenge successfully. It is of paramount importance that Governments can document clear net gains to their societies, because otherwise a few years down the road, regional relations may become soured by an under-performing FTAA.
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Paper provided by EconWPA in its series International Trade with number
0502006.
Find related papers by JEL classification: F1 - International Economics - - Trade F2 - International Economics - - International Factor Movements and International Business
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