Current Status
The FTAA missed the targeted deadline of 2005 as planned. This followed the stalling of useful negotiations of the World Trade Organization Ministerial Conference of 2005. Over time, some governments not wanting to lose a chance of hemispheric trade expansion moved in the direction of establishing a series of bilateral trade deals. The heads however have planned a future summit called the Sixth Summit of the Americas in Cartagena, Colombia in 2012.
Read more about this topic: Free Trade Area Of The Americas
Famous quotes containing the words current and/or status:
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