Trade, Investment and Financial Stability

 
 





Mar del Plata, Argentina, 2005
IV Summit of the Americas


Corporate Social Responsibility

At the
Fourth Summit of the Americas, Heads of State and Government emphasized that trade plays a key role in the fight against poverty.

In the
Declaration of Mar del Plata leaders committed to achieve greater economic integration by addressing the problems that stem from trade barriers and unsustainable debt. Regarding this fact, some member states recognized the significant contribution of processes of economic integration and trade liberalization in the Americas, maintaining their commitment to achieve a balanced and comprehensive FTAA Agreement aimed to expand trade flows and to keep trade free from subsidies and trade- distorting practices. Other member states maintained that the necessary conditions are not yet in place for achieving a balanced and equitable free trade agreement. All members agreed to explore both positions in light of the outcomes of the World Trade Organization ministerial meetings that were held in 2005.

Leaders expressed their commitment to attain an ambitious and balanced outcome at the Doha Round based, inter alia, on the principle of special and differential treatment for developing countries.

Heads of State and Government also considered it important to promote and support actions that will facilitate the participations of small and medium-sized enterprises in domestic markets and international trade through opening new markets for SME goods and services.


 

 

 



Monterrey, Mexico, 2004
Special Summit of the Americas


Corporate Social Responsibility

At the Special Summit of the Americas, Heads of State and Government recognized the important role that trade plays in promoting sustained growth and economic development

In the Declaration of Nuevo León, leaders reaffirmed their commitment to advance the Doha Agenda in order to benefit all economies by promoting, among other measures, better access to markets and by eliminating export subsidies and substantially reducing trade-distorting domestic support. Leaders specifically underlined the importance of the trade liberalization in agricultural products.
 

 

 



Quebec City, Canada, 2001
Third Summit of the Americas


Trade and Investment

The overarching goals of the Quebec City Summit in the area of Trade, Investment and Financial Stability included the promotion of regional prosperity by raising the standard of living, improving working conditions and protecting of the environment.  Moreover, Heads of State and Government strengthened their commitment to establish the FTAA by 2005.   This objective was set at the Miami Summit in 1994 and reinforced with the official launching of negotiations at the Santiago Summit in 1998.  Hemispheric leaders stated that the agreement should be balanced, comprehensive and consistent with commitments at the World Trade Organization (WTO).   The FTAA is to be designed to take into account the size and levels of development of participating economies.

In response to increasing interest among civil society groups in the FTAA negotiations, the Quebec City Plan of Action calls for special efforts to be made to provide information on the FTAA as the negotiations proceed.   For example, the FTAA preliminary text and information about the negotiations is now available on the official website at http://www.ftaa-alca.org.

Economic and Financial Stability

In the 2001 Quebec City Summit, the economic and financial stability of the Americas was once again given prominence in the Plan of Action.  All measures to ensure financial and economic stability adopted by the Ministers of Finance at their meeting on April 3-4, 2001 were given full support.  The importance of the wide distribution of the benefits of globalization to all regions and social sectors of the Hemisphere was affirmed. It was also agreed that greater attention must be given to increasing economic growth and reducing poverty in a mutually reinforcing way.  Leaders supported, as well, efforts to increase trade in goods, services and capital while addressing the needs of vulnerable groups and smaller economies.  In this context they instructed finance
ministers to continue to explore ways to ensure that international financial institutions, regional development banks and other international bodies take adequate account of Summit initiatives in their lending policies and technical assistance programs for the Hemisphere.


Corporate Social Responsibility

The third specific objective under this area of the Quebec City Plan of Action is to promote the development, adoption and implementation by the business community of principles of good conduct that will advance corporate social and environmental responsibility.  To this end, leaders support dialogue among business, non-government organizations, national agencies, international organizations and other interested parties on ways to encourage increased corporate social responsibility throughout the Hemisphere.  One element of this dialogue will be a conference on corporate social responsibility, to be convened in 2002 by the Organization of American States (OAS), the Inter-American Development Bank (IDB) and other inter-American organizations.

 



Santiago, Chile, 1998
Second Summit of the Americas



Trade and Investment

Negotiations for the FTAA were launched during the Santiago Summit, which took place in April 1998.  In the Plan of Action, funds were allocated to assist the FTAA and provide the technical support required for the hemisphere’s smaller economies.  While reiterating the mandates from the Miami Summit, this second Summit also addressed a variety of other issues, including tariffs and non-tariff barriers, investment, subsidies, agriculture, technical barriers to trade, intellectual property rights, government procurement, safeguards, sanitary and phytosanitary, rules of origin, antidumping and countervailing duties, dispute resolution, competition policy and standards and procedures.  In Santiago, Heads of State and Government also committed to achieving concrete progress in the FTAA negotiations before 2000. 

Economic and Financial Stability

In the 1998 Santiago Summit, the strengthening, modernizing and integration of financial markets was addressed through the implementation of the Basle Core Principles for Effective Banking Supervision. A commitment was made, as well, to improve banking and securities market clearance and settlement systems in the Hemisphere.   

 



Miami, Florida, USA, 1994 
First Summit of the Americas


Trade and Investment

Free trade has been a fundamental issue of the Summits of the Americas since the First Summit took place in Miami, in 1994.  In this first Summit the basis for the Free Trade Area of the Americas (FTAA) was established in its Plan of Action.  The preparatory phase of the FTAA process was then initiated, and several subsequent Ministerial level meeting took place for this preparation.  This phase lasted for three years, until the Second Summit of the Americas took place in Santiago, Chile. 

Economic and Financial Stability

In the 1994 Miami Summit, a Committee on Hemispheric Financial Issues was created to promote the liberalization of capital movements.  It was also agreed that countries should work with the Inter-American Development Bank (IDB) to prepare a comprehensive list of national capital regulations in order to promote transparency, as well as study and review problems of debt within the individual countries.

 
Third Summit of the Americas, Quebec City, Canada 2001


Infrastructure
and
Regulatory
Environment

       
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Trade and Investment

 
  • Ensure negotiations of the FTAA Agreement are concluded no later than January 2005 and seek its entry into force as soon as possible thereafter but, in any case, no later than December 2005, in conformity with the principles and objectives established in the San Jose Ministerial Declaration, in particular the achievement of a balanced, comprehensive agreement, consistent with WTO rules and disciplines, the results of which will constitute a single undertaking embodying the rights and obligations, as mutually agreed:

  • Ensure the transparency of the negotiating process, including through publication of the preliminary draft FTAA Agreement in the four official languages as soon as possible and the dissemination of additional information on the progress of negotiations;

  • Foster through their respective national dialogue mechanisms and through appropriate FTAA mechanisms, a process of increasing and sustained communication with civil society to ensure that it has a clear perception of the development of the FTAA negotiating process; invite civil society to continue to contribute to the FTAA process; and, to this end, develop a list of options that could include dissemination programs in smaller economies, which could be supported by the Tripartite Committee or other sources;

  • Ensure full participation of all our countries in the FTAA, taking into consideration the differences in the levels of development and size of the economies of the Hemisphere, in order to create opportunities for the full participation of the smaller economies and to increase their level of development;

  • Supervise and support, with technical assistance, the full implementation of adopted business facilitation measures;

  • Instruct our representatives in the institutions of the Tripartite Committee to continue securing the allocation of the resources necessary to contribute to the support of the work of the FTAA Administrative Secretariat;

  • Urge the Tripartite Committee institutions to continue to respond positively to requests for technical support from FTAA entities; and request the institutions, according to their respective internal procedures, to favorably consider requests for technical assistance related to FTAA issues from member countries, in particular from the smaller economies, in order to facilitate their integration into the FTAA process;


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Economic and Financial Stability

 
  • Welcome and support the work of our Ministers of Finance, who met in Toronto, Canada on April 3-4, 2001, to promote financial and economic stability as well as strong and sustainable growth, as fundamental preconditions for accelerated development and poverty reduction, and to ensure that the benefits of globalization are broadly and equitably distributed to all our people;

  • Recognize the value of efforts undertaken to advance Hemispheric integration, including improved access to goods, services, capital and technology, to achieve the full range of social and other objectives;

  • Support the efforts of Finance Ministers to address the challenges associated with globalization, to protect the most vulnerable and prevent crises, and affirm the importance of having the benefits of globalization widely distributed to all regions and social sectors of our countries, recognizing, at the same time, the unique challenges faced by small states;

  • Affirm that greater attention must be given to increasing economic growth and reducing poverty in a mutually reinforcing way, and that this priority must include social sector policies that effectively achieve poverty reduction and greater investment in people, with improved access to basic education and health services;

  • Instruct our Finance Ministers to continue to explore ways to ensure that international financial institutions, regional development banks and other international bodies take adequate account of Summit initiatives in their lending policies and technical assistance programs for the Hemisphere;


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Corporate Social Responsibility

 


Recognizing the central role that businesses of all sizes play in the creation of prosperity and the flow and maintenance of trade and investment in the Hemisphere, and, noting that businesses can make an important contribution to sustainable development and increasing access to opportunities, including the reduction of inequalities in the communities in which they operate, and taking into consideration the increasing expectations of our citizens and civil society organizations that businesses carry out their operations in a manner consistent with their social and environmental responsibilities:

  • Support the continued analysis and consideration in the OAS of corporate social responsibility, ensuring that civil society, including the private sector, is appropriately and regularly consulted and that this process benefits from the experiences of other international organizations, national agencies and non-governmental actors;

  • Convene a meeting as early as feasible in 2002 with the support of the OAS, the IDB and other relevant inter-American organizations involving representatives from governments, civil society, including mainly the business community, to deepen dialogue on corporate social responsibility in the Hemisphere, raise awareness of key issues to be determined and discuss ways to promote the development, adoption and implementation by the business community of principles of good conduct that will advance corporate social and environmental responsibility;


       

Quebec Plan of Action (complete version):  English | Spanish | French | Portuguese


Trade
and
Investment

       
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Doha Development Agenda: Doha Work Programme
 

 


The July deadline for negotiating the next stage of the Doha Development round was met by holding a 24 hour session in Geneva, ending the afternoon of July 31. The agreement includes a special commitment to address trade distortions in cotton, an agreement to address agricultural subsidies and a renewed commitment to technical assistance to developing countries.

The original deadline of January 1, 2005 to complete the Doha Development round was deferred with no new deadline set. The next ministerial meeting of the Doha round will take place in December 2005 in Hong Kong but is not set as a meeting to conclude the negotiations.

For the complete text of the “July Package” agreement, see http://www.wto.org/english/tratop_e/dda_e/draft_text_gc_dg_31july04_e.htm

Please click here for the December 1, 2003 press release from CARICOM Trade Ministers/WTO Chief Interchange.

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Free Trade Area of the Americas, Eight Ministerial Meeting, Miami, USA, November 20, 2003
 

 


The Eighth FTAA Ministerial in November 2003 in Miami ended with the commitment to continue the negotiations and proceed under the agreed deadline of January 2005.   The following points are included in the Ministerial Declaration  (see www.ftaa-alca.org for the full text):

The vision of the FTAA is to achieve an agreement that is comprehensive and balanced while addressing the issue of different levels of development and size of economies in the Hemisphere.  Taking this into account, Ministers recognized that countries may assume different levels of commitments.

Ministers were mindful that negotiations must aim at a balanced agreement that addresses the issue of differences in the levels of development and size of economies of the Hemisphere, through various provisions and mechanisms, paying special attention to the needs, economic conditions and opportunities of smaller economies.  The Trade Negotiating Committee (TNC), consisting of vice ministers of trade, received instructions to develop a common and balanced set of rights and obligations applicable to all countries.  The TNC was also instructed to establish procedures for the negotiation, on a plurilateral basis, of additional liberalization and disciplines, for countries that choose to do so.  Guidance on text issues included drafting proposals on the institutional structure of the FTAA agreement and specific steps needed to finalize text such as legal review and translation.  Ministers instructed market access negotiations to be completed by September 30, 2004.

Ministers also recognized that smaller and less developed economies will require financial support to assist in the process of adjustment resulting from hemispheric integration. They reiterated support for the Hemispheric Cooperation Program to provide assistance during the negotiations and for implementation of the agreement.

Ministers welcomed the growing number of contributions from civil society, and expressed interest in creating a civil society consultative committee within the institutional framework of the FTAA upon the agreement’s entry into force.   They announced that the present draft of the FTAA agreement is available to the public in English, Spanish, French and Portuguese on the official FTAA website.

The Tripartite Committee, consisting of OAS, IDB and ECLAC, was thanked for its technical support and the Government of Mexico for hosting the FTAA Administrative Secretariat during the negotiations. 

Ministers decided on future meetings of the Trade Negotiations Committee to be held in Puebla, Mexico, Panama City Panama and Trinidad and Tobago.  They received requests from eleven cities to host the permanent site of the FTAA Secretariat, seven in the US, two in Mexico, one each in Panama and Trinidad and Tobago. The next Ministerial meeting will be in Brazil in 2004. 


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Implementation of Summit of the Americas Mandate to support the FTAA
 

 


"Working together with the Inter-American Development Bank and the Secretariat for Economic Affairs of Mexico, the General Secretariat of the OAS has helped assure the non-interrupted flow of the negotiating process for the Free Trade Area of the Americas (FTAA) as the negotiating venue shifted from Panama to Mexico in March 2003, under a schedule agreed to five years ago by Ministers responsible for trade in the Hemisphere. The GS/OAS has established a trust through which funds can be channeled to the FTAA Administrative Secretariat and it can have the legal capacity to operate in Mexico, thereby assuring continual logistical and administrative support to negotiators from the 34 participating countries. Moreover, the GS/OAS has also accredited the FTAA Administrative Secretariat's specialized international staff as GS/OAS associate staff in Mexico, so that they can enjoy privileges and immunities there. The negotiations in Mexico, directed by co-chairs Brazil and the United States, will consist of daily meetings of trade officials from across the Americas working to construct the FTAA, in which barriers to trade in goods and services, and investment will be progressively eliminated. Mexico will be the final negotiation site leading up to the projected January 2005 conclusion of the FTAA agreement. For more information consult the FTAA home page at http://www.ftaa-alca.org."


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VII FTAA Trade Ministerial Meeting
 


The VII Trade Ministerial Meeting took place November 1, 2002, in Quito, Ecuador, within the framework of negotiations towards the Free Trade Area of the Americas agreement.
Accomplishments noted since the sixth ministerial meeting included:  elaboration of a second draft of the FTAA agreement and its release to the public, the establishment of rules and timetables for market access negotiations, agreement on guidelines for the treatment of differences in levels of development and size of the economies and initiation of the Hemispheric Cooperation Program to assist countries in negotiations, implementation and adjustment to commitments within the FTAA process.  The next phase of negotiations include treatment of issues such as agriculture, labor, civil society and the institutional framework of the FTAA. The full ministerial declaration is available on http://www.sice.oas.org/FTAA/Quito/minis/minist_e.asp

The ministerial meeting as well as the preparatory vice ministerial meetings and negotiating group meetings were supported by the Tripartite Committee consisting of the OAS, the IDB and ECLAC as well as by the Administrative Secretariat in Panama. The chairmanship of the FTAA negotiations passed from Ecuador to co-chairs Brazil and the United States.  The final two Trade Ministerials are scheduled for the fourth quarter of 2003 in Miami, United States and in 2004 in Brazil.

The VII Foro Empresarial de las Americas was held immediately before the ministerial with the participation of over 900 business representatives from 34 countries.  A civil society forum entitled “Toward Civil Society Participation in the Americas” with about 75 participants also took place.  Both forums passed recommendations to the trade ministers in joint closing sessions. 

For remarks by the Secretary General of the OAS, Dr. Cesar Gaviria, please click here.
For remarks by the President of the Inter-American Development Bank, Dr. Enrique Iglesias, please click here.
For remarks by the
Executive Secretary of the Economic Commission for Latin America and the Caribbean, Mr. José Antonio Ocampo, please click here.  

For the latest issue of the Summits of the Americas Bulletin on trade, please click here. 


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OAS/WTO/Georgetown sponsor the Program “Multilateral and Regional Trade Issues for the Americas”

 
 


On June 10-21, 2002, the advanced training program, “Multilateral and Regional Trade Issues for the Americas,” took place at Georgetown University in Washington, DC.  The program, sponsored by the OAS, the World Trade Organization (WTO) and Georgetown University, was offered to government officials from OAS Member States and other regional institution representatives in the area of trade policy and economic integration.  Participants focused on the Doha Development Agenda and the Free Trade Area of the Americas (FTAA) process.  This is the fifth consecutive year the program has been offered to regional representatives.

For more on the OAS and the FTAA process, please click here.  


 
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Guayaquil Consensus on Integration, Security and Infrastructure for Development - Second Meeting of Presidents of South America

 
 


On July 26 and 27, 2002, the Second Meeting of Presidents of South America was held in the city of Guayaquil, Ecuador. In this meeting the Presidents adopted the "Guayaquil Consensus on Integration, Security and Infrastructure for Development". In it, the Presidents reiterated their will to continue promoting the coordination and cooperation actions towards the confirmation of a common space in South America. The "Guayaquil Consensus" focused on the acceleration of the agreements between the Andean Community of Nations (CAN) and Mercosur, in order to strengthen the capacity of management of these blocks. They also pledged that the conditions of the small countries be considered in the negotiations of the FTAA.

For more information on the Second Summit of South American Presidents please click here.


 
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Seminar: "FTAA Opportunities and Challenges of North America"

 
 


The Governments of Canada, the United States and Mexico announced the Seminar " FTAA Opportunities and Challenges for North America", which will take place on July 18, 2002 in the city of Mérida, Mexico. The objective of the seminar is to foster a forum for constructive dialogue, in which members of North American civil society organizations as well as government representatives involved in the FTAA process can participate.

This event addresses the Summit mandate "Foster through their respective national dialogue mechanisms and through appropriate FTAA mechanisms, a process of increasing and sustained communication with civil society to ensure that it has a clear perception of the development of the FTAA negotiating process; invite civil society to continue to contribute to the FTAA process..." This event, hosted by the Secretariat of Economy of Mexico, is aimed to achieve greater transparency and citizen participation in the Free Trade Area of the Americans negotiation process.


 
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Trade-Related Capacity Building: Focus on the Americas Conference and Donor Workshop

 
 


The Trade Unit was part of the seminar "Trade-Related Capacity Building: Focus on the Americas Conference and Donor Workshop," which took place from May 27-28, 2002, in Port of Spain, Trinidad and Tobago. The seminar addressed the issues of Trade-Related Technical Assistance (TRTA) at the multilateral and regional level, best practices and strategies in trade capacity building, and models for developing institutional and human capacity in trade policy in the Western Hemisphere. Participants at the seminar also addressed the role of the FTAA Consultative Group on Smaller Economies in technical assistance, as well as its future challenges.

This seminar addresses the mandate urging the Tripartite Committee institutions to continue to respond positively to requests for technical support from FTAA entities. It also asks the institutions, according to their respective internal procedures, favorably consider requests for technical assistance related to FTAA issues from member countries, in particular from the smaller economies, in order to facilitate their integration into the FTAA process.

For more information on this meeting, please click here.


 
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Trade Support Project: Caribbean Regional Negotiating Machinery - Canadian International Development Agency

 
 


The Caribbean Regional Negotiating Machinery (RNM), in collaboration with the Canadian International Development Agency (CIDA), has launched a Professional Trainee Programme 2002/2003.

This is an excellent opportunity for suitably qualified CARICOM nationals, who have a long-term career interest in international trade policy and negotiation issues, to acquire grounding in these areas and to assist in building the Region's expertise.

The Programme is a ten-month intensive training exercise, designed to equip eligible candidates with the skills and techniques of external trade negotiations taking place under the aegis of the World Trade Organization (WTO), with the European Union, and with countries of the Hemisphere toward a Free Trade Area of the Americas (FTAA).

Specialized training will be carried out at several locations, including RNM offices in Jamaica and Barbados, and will also include a period of internship with regional or international organizations active in trade negotiation issues. The fellowship provides for living expenses, travel and tuition fees.


 
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Course on Multilateral and Regional Trade Issues for the Americas

 
 


For the fifth consecutive year, the Organization of American States (OAS), the World Trade Organization (WTO), and Georgetown University are jointly sponsoring the Advanced Training Program “Multilateral and Regional Trade Issues for the Americas," with the financial support of the Government of the United States.  

The program is open to government officials and officials of regional institutions from OAS member countries, whose responsibilities are related to trade policy and economic integration. It will be offered in English on June 10-21, 2002 at the Washington-based campus of Georgetown University. 

The two-week program will address the main issues of the trade agenda from both a multilateral and regional perspective. It will focus on the Doha Development Agenda and the Free Trade of the Americas (FTAA) process. The program uses a large roster of speakers, drawing extensively from the WTO, the OAS Trade Unit, international and regional intergovernmental institutions, Georgetown University, as well as law firms and think tanks.  

For more information: http://www.sice.oas.org/cidi/train02_e.htm.


 
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Memorandum of Understanding WTO/IDB 

 
 


On February 27, 2002, the World Trade Organization Director-General Mike Moore and the Inter-American Development Bank President Enrique V. Iglesias signed a memorandum of understanding, with which their institutions will seek to deepen cooperation to provide technical assistance on trade negotiations and capacity-building to countries in Latin America and the Caribbean. 

The document was signed at IDB headquarters in Washington, D.C., following a meeting of Latin American and Caribbean trade and finance officials on the challenges their region faces in multilateral negotiations and commitments under WTO agreements and in negotiating and implementing the Free Trade Agreement of the Americas (FTAA).

For more information please click here.  
FTAA Draft Agreement - Now Publicly Available


 
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Implementation Status and Technical Assistance Needs: Customs Related Business Facilitation Measures  

 
 


One of the FTAA-related Summit mandates is to implement the Trade Minister-approved business facilitation measures. The FTAA public website has just posted the most recent version of the matrix they produce to show the status of implementation and to describe technical assistance needs.  To see this matrix, please click here.


 
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IX Meeting of the Trade Negotiations Committee   

 
 


On September 26-28, 2001, the IX Meeting of the Trade Negotiations Committee took place in Managua, Nicaragua. It was the first meeting of the TNC since the Trade Ministers Meeting in Buenos Aires, Argentina. Discussions focused on progress to date in all Negotiating Groups, treatment of smaller economies in the FTAA, and civil society.  The Permanent Mission of Nicaragua before the OAS also presented a report on the outcomes of the Ninth Meeting of the FTAA Trade Negotiations Committee, which is now available on the Web.


 
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Release of the Semiannual Progress Report of the General Secretariat on the Activities of the Trade Unit (Jan 1 - June 30, 2001)   

 
 


On September 10, 2001, the Permanent Representative of Costa Rica and Chair of the Permanent Council of the Organization of American States, Ambassador Hernán R. Castro H., submitted to the Secretary General the Semiannual Progress Report of the General Secretariat on the Activities of the Trade Unit (OEA/Ser.G CP/doc.3516/01). The report outlines in detail the activities of the Unit, including personnel allocations, budget and financing. To access the full document, please click here


 
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Civil Society Groups protest FTAA Meeting in Nicaragua    

 
 


In anticipation of the IX Inter-American Meeting of Vice-Ministers of Trade to be held next Wednesday in Managua, Nicaragua, 35 civil society groups and unions announced their intentions to stage peaceful protests to express concern with FTAA and its effect on the Nicaraguan economy. An alternative FTAA roundtable will be held and an alternative FTAA plan will be submitted to Vice Ministers prior to the meeting.


 
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United States and MERCOSUR Establish Closer Ties  

 
 


The United States and Mercosur countries held a meeting today to promote free trade between both parties. The meeting resulted in the creation of working groups on investment growth, electronic commerce, agricultural trade and industrial trade. Each country selected a coordinator for the 4+1 process. In addition to a ministerial meeting before the end of the year, the five countries also agreed upon a schedule towards a final 4+1 trade agreement that would further liberalize trade in the hemisphere and add momentum to the FTAA process. The five countries also committed to launching an ambitious round of talks at the World Trade Organization meeting in Doha, Qatar, and at creating a better trade system for agricultural products.


 
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Open Invitation to Civil Society in FTAA Participating Countries 

 
 


At their Sixth Meeting held in Buenos Aires, on April 7, 2001, the Ministers Responsible for Trade of the Hemisphere reaffirmed the commitment to the principle of transparency in the FTAA process and recognized the need for increasing participation of the different sectors of civil society.  Thus, an open invitation was made to civil society to participate in this round of FTAA negotiations.


 
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Press Bulletin
FTAA Approves Methods and Modalities for Negotiation 

 
 


On 12 and 13 May, the Second Session of the X Meeting of the Trade Negotiations Committee of the Free Trade Area of the Americas was held in Panama. It was presided over by Ambassador Roberto Betancourt, Ecuadorian Vice-Minister.

This fundamental meeting defined the methods and modalities for future negotiations.

The approval of this far-reaching agreement will, in the short term, allow for presidential and ministerial mandates to be carried out to achieve the creation of the hemispheric free trade zone.

May 15 was ratified as the date for the start of trade negotiations. The process will begin with the updating of the Hemispheric Database and will include the following stages:

Presentation of bids from all sectors: 31 December 2002 - 15 February 2003.
Presentation of requests for the improvement of bids: 16 February - 15 June 2003.
Start of the bid review process: 15 July 2003

The hemisphere’s small economies will receive technical assistance for the presentation of bids as required, and will be granted extended deadlines to comply with certain commitments.

In addition, the hemisphere’s Vice-Ministers responsible for Trade took several decisions to facilitate the FTAA process in the areas of agricultural and non-agricultural goods, services, investment and public sector purchases.

Since the Summit Meeting held in Miami in December 1994, the hemisphere’s countries have been committed to the establishment of a Free Trade Area of the Americas with effect from January 2005. By decision of the participating countries, Ecuador presides over the negotiating process of the FTAA from May 2001 to October 2002. The presidency of the FTAA will be jointly assumed by Brazil and the United States following the Ministerial Meeting to be held in Quito.

Panama, 13 May 2002
Source: Government of Ecuador

For more information on the FTAA process, please click here.


 
       
 

 

Economic and Financial Stability

       
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Seminar: Remittances transfers to Latin America and the Caribbean, Issues and perspectives on development. July 22, 2004, Washington DC

 


On July 22, 2004, at the Organization of  American States in Washington, DC, the Summits of the Americas Secretariat held a seminar, “Remittances in Latin America and the Caribbean:  Issues and Perspectives on Development”, in the context of monitoring Summit implementation.
   
At the Special Summit of the Americas in Monterrey, México held on January 12-13, 2004, Heads of State and Government signed the Declaration of Nuevo Leon, in which they made the commitment to work together to eliminate regulatory obstacles that affect the cost of these transfers and to reduce their average costs by at least half by 2008.

In this context,
the Summits of the Americas Secretariat of the OAS contracted a paper on the issue from Georgetown University specialist Manuel Orozco.  Issues addressed at the seminar included: an analysis of  the present remittances market; the growing demand for transfer services; social, cultural and economic consequences of remittance flows; consumer education for the users of transfer services; options for regulation and incentives to encourage lower costs and more accessible services for low income customers;  and examination of specific country cases.  Overall, the discussion reflected the leaders’ goal of linking remittances to successful development.
  
The discussion panel included: Carla Decker, CEO District Government Employees Federal Credit Union; Ernesto Armenteros,
President Grupo Quisqueyana / Cashpin, in Dominican Republic; Héctor David Córdova Arteaga, Manager FEDECACES, El Salvador and Maria Otero, President Acción International. Ambassador Abigaíl Castro de Pérez, Permanent Representative of Salvador to the OAS closed the panel which was moderated by Dr. Irene Klinger, Executive Secretary, Summits of the Americas Secretariat.

More than seventy participants attended this event which included representatives from financial institutions such as banks, financial associations, embassies, civil society organizations and academics, Drawn from the local community as well as from New York City, Atlanta, Miami, Newark.

Comments by Daniel I. Ayala, Senior Vice President, Well Fargo BankCross Border Payments Manager
Presentation by Ambassador Abigail Castro De Pérez, Permanent Mission of El Salvador to the OAS


       
 


Corporate Social Responsibility
 

       
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The Americas Conference on Corporate Social Responsibility - Alliances for Development


The First Hemispheric Meeting on Corporate Social Responsibility was held in Miami on September 22 - 24th, 2002, under the auspices of Inter-American Development Bank (IDB), the Organization of American States (OAS) and the World Bank.

The Conference took place in compliance with a mandate adopted at the Third Summit of the Americas and resolution GA/RES. 1871 (XXXII-O/02), "Promotion of the Corporate Social Responsibility in the Hemispheric" adopted at the General Assembly in Bridgetown, Barbados.

The Conference was attended by nearly 500 representatives from the private sector, multilateral institutions, academia, government, civil society and the media. In 12 sessions spanning over two days, 84 speakers took the floor. Thirty-two countries participated in this conference, 25 of them were from the region.  50 % of the participants were women.

The General Secretary of the OAS, César Gaviria; the IDB President, Enrique V. Iglesias; the President of Nicaragua, Enrique Bolaños; the US State Sub-secretary for the Western Hemisphere, Otto Reich; the vice-president of the World Bank for Latin America and the Caribbean, David de Ferranti; the executive vice-president Peter Woicke; and the Director for Latin America and the Caribbean of the International Financial Corporation, Bernard Paquier, among others, participated in the conference.

Participants discussed building alliances for local and community economic development with civil society through new philanthropy and volunteerism; the business as a role model for business; the role of supranational organizations; and the media.

The conference organizers noted that by mobilizing the synergies between different sectors of society, the conference participants laid down the foundations for a closer relationship, particularly with the business sector, to face social problems and fight poverty in the region.

For more information, please click here: http://www.iadb.org/csramericas/

For a detailed report on this meeting, please click here.


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Meeting of the Working Group on Probity and Public Ethics   
 


On April 11, 2002, the OAS - Working Group on Probity and Public Ethics held a Special Session on Corporate Social Responsibility (CSR) in Washington. The Session gave Permanent Representatives and alternates of the 34 Member States a better understanding of what CSR is and why is it important to the Summit of the Americas mandate. Through presentations from CSR practitioners from Canada, USA, Peru and Ecuador and through Member States contributions, the participants learned about what the private sector is already doing in the region and gained a good understanding of how government can be supportive of CSR. The Session was successful in solidifying Member States support for the upcoming CSR conference in Miami.


 
       
 
 
 

 

XXXIV OAS General Assembly
Quito , Ecuador
June 6-8, 2004


 

 

XXXIII OAS General Assembly
Santiago, Chile
June 8-10, 2003

 

 

XXXII OAS General Assembly
Bridgetown, Barbados
June 2-4, 2002

 

  • AG/RES. 1861 (XXXII-O/02) Trade and Integration in the Americas

    This Resolution instructs the General Secretariat to continue providing analytical and technical support to the Free Trade Area of the Americas (FTAA) process, and to continue providing analytical and technical support to Member States’ efforts to mainstream national plans for economic development and poverty reduction. This Resolution also reiterates that negotiations of the FTAA Agreement should be concluded no later than January 2005, and the FTAA Agreement’s entry into force should occur no later than December 2005.
     

  • AG/RES. 1871 (XXXII-O/02) Promotion of Corporate Social Responsibility in the Hemisphere

    This Resolution requests the Permanent Council to continue to foster the exchange of ideas and information among Member States and organizations in order to promote and strengthen cooperative activities in the area of corporate social responsibility. Likewise, it instructs the Permanent Council to participate, with the Inter-American Development Bank (IDB) and the World Bank, in the Americas Conference on Corporate Social Responsibility, to be held in Miami, United States from September 22-24, 2002. This Resolution also encourages OAS Member States to promote the participation of the private sector, business associations, unions, and academic and civil society organizations in the upcoming conference.
     

 

 

XXXI OAS General Assembly
San José, Costa Rica
June 3-5, 2001

 

  • AG/RES. 1786 (XXXI-O/01) Promotion of Corporate Social Responsibility in the Hemisphere

    This Resolution asks the Permanent Council to continue promoting the exchange of experiences and information in order to coordinate and strengthen cooperation activities in the area of corporate social responsibility for the benefit of Member States. It also asks the Permanent Council to continue analyzing the issue, assuring that Civil Society and the private sector are consulted regularly and that this process benefits from the experiences of other international, national and non-governmental organizations. At the same time, the Permanent Council is asked to convene a meeting, as early as possible in 2002, to promote dialogue and raise awareness on key points that should be determined.
     

  • AG/RES. 1813 (XXXI-O/01) Trade and Integration in the Americas

    This Resolution asks the General Secretariat to continue providing, through the Trade Unit and its Foreign Trade Information System, analytical and informational support and technical assistance to the FTAA and trade activity in general in the hemisphere. It also charges the General Secretariat to continue providing technical assistance to those Member States, especially the smaller economies, that ask for it, in questions related to the FTAA process.

 
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