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 <subject>Foreign trade agreements</subject>
 <subject>International organizations</subject>
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 <subject>International trade regulation</subject>
 <subject>Trade agreements</subject>
 <subject>Trade policies</subject>
 <subject>International agreements</subject>
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 <subject>Brazil</subject>
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<titleInfo>
 <title>Free Trade Area of the Americas: Missed Deadline Prompts Efforts to Restart Stalled Hemispheric Trade Negotiations</title>
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<abstract>If completed, the Free Trade Area of the Americas (FTAA)
agreement would encompass an area of 800 million people and about
$13 trillion in production of goods and services, making it the  
most significant regional trade initiative presently being	 
pursued by the United States. The 34 democratic nations of the	 
Western Hemisphere formally launched negotiations towards a FTAA 
in 1998, and set a January 2005 deadline for concluding a FTAA	 
agreement. GAO was asked to analyze (1) progress made in FTAA	 
negotiations since GAO&apos;s last (April 2003) report (2) factors	 
that have been influencing the FTAA&apos;s progress; and (3) future	 
prospects for the FTAA. USTR disagreed with our report, stating  
it was a poorly framed portrayal of progress and problems in the 
negotiations, overemphasized the role of the United States and	 
Brazil in the current impasse, and did not give sufficient weight
to U.S. efforts to make progress. GAO made several changes in	 
response, but disagreed with USTR&apos;s assessment. The Departments  
of State, Commerce, and Agriculture provided technical comments, 
which we incorporated.</abstract>
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 <topic>International organizations</topic>
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 <topic>Trade agreements</topic>
 <topic>Trade policies</topic>
 <topic>International agreements</topic>
 <topic>International cooperation</topic>
 <topic>Trade negotiations</topic>
 <topic>Brazil</topic>
 <topic>Central America</topic>
 <topic>Free Trade Area of the Americas</topic>
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