free trade area of the americas ne demek?

Free Trade Area of the Americas (FTAA) is a proposed free trade agreement between 34 countries of North, Central and South America. The idea was first proposed in 1994 by the United States, and negotiations began in 1998. The goal of the FTAA was to eliminate tariffs and other trade barriers between the participating countries, creating a single market for goods and services.

However, negotiations stalled in the mid-2000s due to disagreements between various countries, particularly over issues such as intellectual property rights, agricultural subsidies and labor standards. In 2005, the negotiations were officially suspended, and the agreement was never finalized.

Despite its failure to be implemented, the FTAA was significant as it aimed to create the world's largest free trade area, with a combined population of over 800 million people and a GDP of over $17 trillion. It was seen as a way to boost economic growth, create jobs and increase trade within the Americas. However, critics argued that it would lead to job losses, environmental degradation and the exploitation of workers.

In the absence of the FTAA, several countries in the Americas have pursued alternative trade agreements, such as the North American Free Trade Agreement (NAFTA), the Central American Free Trade Agreement (CAFTA) and the Mercosur trade bloc.