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Free Trade Area of the Americas  

Definition

  • The Free Trade Area of the Americas (FTAA) was proposed to bring the thirty-four democracies of the western hemisphere into the largest free trade area in the world, with a combined annual gross domestic product of more than $13 trillion and a population of over 800 million. The FTAA also was intended to establish closer political and economic links across the region and to reinforce economic policies of free market capitalism. [Source: Encyclopedia of U.S.-Latin American Relations; Free Trade Area of the Americas (FTAA)]

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https://concepts.sagepub.com/social-science/concept/Free_Trade_Area_of_the_Americas

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