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Free Trade
Free Trade Area of the Americas
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The Free Trade Area of the Americas (FTAA), currently being negotiated by 34 countries of the Americas, is intended to be the most far-reaching trade agreement in history. Although it is based on the model of the North American Free Trade Agreement (NAFTA), it goes far beyond NAFTA in its scope and power. The FTAA, as it now stands, would introduce into the Western Hemisphere all the disciplines of the proposed services agreement of the World Trade Organization (WTO) - the General Agreement on Trade in Services (GATS) - with the powers of the failed Multilateral Agreement on Investment (MAI), to create a new trade powerhouse with sweeping new authority over every aspect of life in Canada and the Americas.
Source: PlublicCitizen.org
What do you think? Are there more advantages in Free Trade? Or would we be better off without it??
I think this is a very interesting topic, especially since Singapore recently signed a Free Trade Agreement with the US of A.
~peace~