HispanicBusiness.com
U.S. efforts on two free-trade pacts with Central and South American countries continue to face uncertain futures amid the complex interests of global economic development, business, and politics. While President Bush and five Central American governments have signed the Central American Free Trade Agreement (CAFTA) – designed to bolster commerce in Costa Rica, Guatemala, Honduras, Nicaragua, and El Salvador – continued opposition has stalled the accord's final approval in the political arena. Prospects are even cloudier for the Free Trade Area of the Americas pact (FTAA) , which would expand NAFTA to include 34 countries in a trade zone with 800 million people and a $13 trillion market.
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