Canada free trade talks.
The announcement is evidence of waning interest by Canada, which has the second-largest economy in the Americas, to push for a resolution of differences between the U.S. and Brazil over farm subsidies. Martin said their impasse had marooned talks, making the end-of-year deadline for the 34-country Free Trade Area of the Americas "a bit optimistic." Martin took over as Canada's prime minister in December. Jean Chretien, his predecessor, launched exploratory talks with the Caribbean group in January 2001;
Trade between Canada and the Caribbean Community and Common Market was about C$867 million (US$679 million) in 2000, according to the Canadian Trade Department. Martin said he wasn't abandoning a larger agreement for North, Central and South America. "We are going to continue on a parallel track and push for the free-trade deal of the Americas, but at the same time, we are going to enter into individual negotiations with individual countries and groups of countries." Canada, a partner in the North American Free Trade Agreement with the U.S. and Mexico, has separate accords with Chile, Costa Rica and Israel. It is also negotiating with a group of four Central American countries (El Salvador, Guatemala, Honduras and Nicaragua).
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||The Region|
|Article Type:||Brief Article|
|Date:||Feb 1, 2004|
|Next Article:||Caribbean cruises popular.|