Council of the Americas Welcomes U.S.-Chile FTA Signing; Calls for Congressional Ratification and Progress Towards Hemispheric Free Trade Accord.Business Editors NEW YORK--(BUSINESS WIRE)--June 6, 2003 Ambassador Myles R. R. Frechette, President, Council of the Americas The Council of the Americas is an American business organization whose stated goal is promoting free trade, democracy and open markets throughout the Americas. This includes Canada, Mexico and the Caribbean, as well as South America. , welcomed today's signing of the U.S.-Chile Free Trade Agreement, with the following statement: "Today, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Chile celebrate a signal achievement in the modern era of international trade. The bilateral trade agreement signed this morning by United States Trade Representative Robert Zoellick and Chilean Finance Minister Soledad Alvear represents, along with the companion U.S.-Singapore FTA FTA abbr. Future Teachers of America , a new standard for international trade accords. "The U.S.-Chile FTA establishes important new disciplines on trading rules in areas such as intellectual property, services and investment that go both farther and deeper than previous agreements. By ensuring open markets and a fair set of rules governing trade between the United States and Chile, this agreement creates a more efficient economic environment and sets the stage for greater shared prosperity between these two countries. "Importantly, the U.S.-Chile FTA puts U.S. producers and service providers back on a level playing field See net neutrality. with competitors in the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community , Canada and Mexico, who already enjoy preferential access to the Chilean market. This agreement is an important stepping-stone to broader regional free trade under the 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 (FTAA FTAA Free Trade Area of the Americas FTAA Free Trade Agreement of the Americas FTAA Florida Turkish American Association FTAA Federated Tanners Association of Australia FTAA Fixed Threshold Adaptation Algorithm ), which we call on both parties to strongly and actively support. "The Council of the Americas and the U.S.-Chile Free Trade Coalition have been actively educating Members of Congress about the benefits of this agreement. With today's signing, those efforts will increase significantly, and we remain hopeful the agreement will be approved by Congress in 2003." About the Council of the Americas The Council of the Americas is a business organization whose members share a common commitment to free trade and open markets throughout the Americas. Our programming and advocacy aim to inform, encourage, and promote free and integrated markets for the benefit of the companies that comprise our membership, as well as of the United States and all the peoples of the Americas. http://www.counciloftheamericas.org |
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