Saturday, November 05, 2005

Bush leaves Summit of the Americas early without consensus on FTAA

Pres. Bush left the Summit of the Americas in Argentina early after leaders were not able to come to consensus on the proposed trade agreement FTAA (Free Trade Area of the Americas). This trade agreement is designed to bring down trade barriers between the US and South America and stimulate economic development. Some have criticized the agreement saying that the agreement only benefits the United States. Proponents argue that this will increase the standard of living in South America where the economies have struggled in recent years. There are 5 countries who still object to the trade agreement.
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