Canada free trade talks.CANADA FREE TRADE TALKS. Canadian Prime Minister Paul Martin started free-trade talks with a group of more than a dozen Caribbean nations, saying negotiators will have more time now that momentum to create a larger trade bloc A trade bloc is a large free trade area formed by one or more tax, tariff and trade agreements. Typically trade pacts that define such a bloc specify formal adjudication bodies, e.g. NAFTA trade panels. for the Western Hemisphere Western Hemisphere
Part of Earth comprising North and South America and the surrounding waters. Longitudes 20° W and 160° E are often considered its boundaries. has slowed, reports Bloomberg News (Jan. 12, 2004).:
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 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 "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 Caribbean Community and Common Market (CARICOM), organization founded by the Treaty of Chaguaramas (Trinidad; 1973, revised 2001) and including Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti (suspended 2004–6), Jamaica, was about C$867 million (US$679 million) in 2000, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. 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 North American Free Trade Agreement (NAFTA), accord establishing a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. 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).