Statement by Bill Reinsch, President, National Foreign Trade Council
“Establishing this framework for the FTAA gives ministers the leverage they need to move on with this agreement, which has the potential to greatly impact the economies of an entire hemisphere. While the new agreement unfortunately appears to scale back some of the original goals of the FTAA, we hope that it will be sufficient to keep the negotiations going so that a more ambitious final agreement can be reached before the deadline in 2005.
“It is apparent, however, that all of us, including business, industry, and agriculture throughout the hemisphere, have a lot of work ahead of us if the FTAA is to fulfill its original promise. The
The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves 400 member companies through its offices in