Free Trade Area of the Americas: Status of Negotiations and Major Policy Issues [Updated March 27, 2002] [open pdf - 58KB]
"At the second Summit of the Americas in Santiago, Chile (April 1998), 34 Western Hemisphere nations agreed to initiate formal negotiations to create a Free Trade Area of the Americas (FTAA) by 2005. The negotiating groups completed a draft agreement in January 2001, which was presented at the third Summit of the Americas held in Quebec City on April 20-22, 2001. President Bush expressed strong support for the FTAA and concrete progress has been made in moving it forward. Yet, differences in priorities among the negotiating countries are still evident, suggesting that the FTAA faces many policy hurdles in both the U.S. Congress and the hemisphere."
CRS Report for Congress, RS20864