"The Summit of the Americas, held in Miami in December 1994, led to ongoing congressional interest in three inter-related trade policy issues. The first involves an invitation extended to Chile to join the North America Free Trade Area (NAFTA). The second focuses on preferential tariff treatment for Caribbean and Central American countries. The third concerns movement towards a Free Trade Area of the Americas (FTAA), the concept of making the entire hemisphere a free-trade zone. A fourth issue has subsequently arisen concerning a request by the Andean countries to extend the Andean Trade Preferences Act (ATPA) beyond its scheduled December 4, 2001 expiration date. [...] The 1991 ATPA granted Andean countries tariff preferences for 10 years in an effort to help the countries fight narcotics trafficking. The House Ways and Means Committee approved an extension and expansion of the program (H.R. 3009) on October 5, 2001."
CRS Issue Brief for Congress, IB95017
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