in the United States.
The signing of the bilateral trade agreement between Mexico and the U.S. will necessarily lead to the formation of a North-Central American and Caribbean Free Trade Area. It is at this juncture that the impact on South America should be considered. The Enterprise for the Americas Initiative (EAI) proposed by former U.S. President, George Bush could, both economically and geopolitically, create a major regional pole to which the European and Japanese- led Asiatic pole would pale in comparison. Indeed, the market in question would encompass a population that will be approaching the billion mark towards the next millennium. 9 + ̲/
The addition of the 50 million inhabitants of Colombia and Venezuela is already in the cards, as witnessed by their recent signing of agreements with Mexico. Once this has been attained, discussions will be entertained with the rest of South America. In the meantime, members of the Latin American community should not be standing still, but rather should quickly become integrated.
The road through Mexico may probably lead to a major integration effort in the Americas. Given the demographics of the Latin countries, this mega-zone would expand to an eventual population equilibrium of over a billion people. This could only be matched in terms of labor resources by an Asian pole including India or China, and in terms of natural and capital resources, it would still be unmatched. However, the first major test of this bright goal will be the formation of a Free Trade Area that would unify and integrate the U.S. bilateral free trade agreements that have been signed with Canada and Mexico with the Caribbean Basin Initiative.