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Canada-to-Chile Free Trade Zone Set for 2005

Voice of America, April 6, 2001

The United States is joining its hemispheric partners in accepting a later deadline for setting up the world's largest free trade zone from Canada to Chile.

U.S. Commerce Secretary Don Evans said in Buenos Aires Thursday he feels a free trade agreement by 2005 is an appropriate position. Mr. Evans is in the Argentine capital for a trade officials meeting that will lay the groundwork for negotiations later this month in Quebec.

The Bush administration had been hoping to reach a deal for a free trade zone by 2003. But several major Latin American economies, led by Brazil, have insisted that negotiating a hemispheric wide zone is too complex to rush an agreement.

Secretary Evans said Thursday the United States wants to make sure that people in the Americas want a free trade agreement. He said he knows the upcoming talks will be tough.

Former President Clinton first proposed an Americas-wide free trade zone in 1994. It would link more than 783 million people whose countries produce more than $11 trillion in products and services annually.


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