Although the FTAA promises growth and development it still poses real challenges and demands some difficult decisions when attempting to achieve its intended goal of promoting stronger, more dynamic trade, and economic growth in this hemisphere. The concerns are greatest for the smaller and more vulnerable economies. They face the prospect of revenue loss through tariff reduction, job losses through consolidation of production centers in more powerful territories, and the demise of marginal and weak producers. It is for these reasons that attention to the status of smaller economies is essential in the FTAA.
The Most Honourable P. J. Patterson,
The Free Trade Area of the Americas and Smaller Economies,
27 Fordham Int'l L.J. 899
Available at: https://ir.lawnet.fordham.edu/ilj/vol27/iss4/10