Magazine article New Internationalist

Trading Away the Americas

Magazine article New Internationalist

Trading Away the Americas

Article excerpt

The Free Trade Area of the Americas (FTAA), currently being negotiated by 34 countries of the Americas, is intended to be the most far-reaching trade agreement in history. Based on the model of the North American Free Trade Agreement (NAFTA), it goes far beyond NAFTA in its scope and power.

In the words of US Secretary of State Colin Powell: 'Our objective with the FTAA is to guarantee control for North American businesses over a territory which stretches from the Arctic to the Antarctic, free access, over the entire hemisphere, without any difficulty or obstacle, for our products, services, technology and capital.'

The treaty would give transnational corporations unequalled new rights to challenge and compete for publicly funded services currently provided by governments - from healthcare and education to social security, culture and environmental protection. …

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