Latin America and the Caribbean: Issues for the 109th Congress

fpc.state.gov

Latin America and the Caribbean: Issues for the 109th Congress

CRS-13

Mercosur has resisted the FTAA, Venezuela is the only country in Latin America to

reject the idea unequivocally. With Venezuela’s new-found status as a voting

member of Mercosur, the United States may find it even more difficult to isolate its

unabashedly negative influence on the FTAA negotiations.

The Summit declaration called for a time to reflect on the problems of the

FTAA process while awaiting the outcome of the upcoming WTO Doha Round

ministerial, particularly with respect to agricultural issues. Given that the WTO talks

have also bogged down, it seems unlikely that the FTAA will find the support to

move ahead in the near future, particularly with Venezuela now influencing policy

in the Mercosur group. In the meantime, both Brazil and the United States are

meeting on an informal bilateral basis and continue to court other Latin American

countries to join them in subregional trade pacts, making the future of U.S. trade

policy in the region less certain.

CRS Products:

CRS Report RL32110, Agriculture in the U.S.-Dominican Republic-Central American

Free Trade Agreement, by Remy Jurenas.

CRS Report RL32770, Andean-U.S. Free-Trade Agreement Negotiations, by Angeles

Villarreal.

CRS Report RL33258, Brazilian Trade Policy and the United States, by J. F.

Hornbeck.

CRS Report RL32322, Central America and the Dominican Republic in the Context of

the Free Trade Agreement (DR-CAFTA) with the United States, coordinated by

K. Larry Storrs.

CRS Report RL31870, The Dominican Republic-Central America-United States Free

Trade Agreement (DR-CAFTA), by J. F. Hornbeck.

CRS Report RS20864, A Free Trade Area of the Americas: Status of Negotiations and

Major Policy Issues, by J. F. Hornbeck.

CRS Report RL33620, Mercosur: Evolution and Implications for U.S. Trade Policy,

by J. F. Hornbeck.

CRS Report RL32540, The Proposed U.S.-Panama Free Trade Agreement, by J. F.

Hornbeck.

CRS Report RS22419, U.S.-Colombia Trade Promotion Agreement, by Angeles

Villarreal.

CRS Report RS22391, U.S.-Peru Trade Promotion Agreement, by Angeles Villarreal.

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