Bush backs APEC.On his way to attend the 18th annual Asia Pacific Economic Cooperation (APEC APEC in full Asia-Pacific Economic Cooperation Trade group established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional economic blocs (such as the European Union and the North American Free Trade Area) ) Forum in Vietnam, President Bush acknowledged in Singapore on November 16: "Recently, some APEC members have advanced the idea of a free trade agreement for the entire APEC region. I believe this idea deserves serious consideration" Such an APEC Free Trade Area would be a formidable economic bloc indeed, comprising 45 percent of world trade and 41 percent of the world's population. The 21 APEC countries also include the United States, Canada, Mexico, Russia, Australia, and other nations. President Bush's promotion of an APEC Free Trade Area is in harmony with his all-out support for the Central American Free Trade Area (CAFTA cafta see catha edulis. ), passed by Congress in 2005, his current deep involvement in developing a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Union modeled after the European Union through our nation's participation in the Security and Prosperity Partnership and his support for a Free Trade Area of the Americas The Free Trade Area of the Americas (FTAA) (Spanish: Área de Libre Comercio de las Américas (ALCA), French: Zone de libre-échange des Amériques (ZLÉA), Portuguese: Área de Livre Comércio das Américas , also modeled after the EU. All of these supranational Supranational An international organization, or union, whereby member states transcend national boundaries or interests to share in the decision-making and vote on issues pertaining to the wider grouping. trading blocs are steppingstones to global governance by unelected elites. |
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