Liberalization of World Trade:Latin America

New Latin America Model
<Tab/>NAFTA, the free trade agreement between Canada, USA and Mexico celebrated ten years of its existence. The negotiations about the establishment of CAFTA (Central American Free Trade Agreement) are almost over and trade diplomacy is asking the question if SAFTA (South American Free Trade Agreement) is possible. Negotiations about the free trade zone of Americas were held in mid February this year. Liberalization has found a fertile ground in trade relations of the new continent, but initiatives from this part of the world are felt as far away as I…