Historical Dictionary of United States-Caribbean Relations by Braveboy-Wagner Jacqueline;Griffin Clifford;

Author:Braveboy-Wagner, Jacqueline;Griffin, Clifford;
Language: eng
Format: epub
Tags: undefined
Publisher: Rowman & Littlefield Unlimited Model
Published: 2012-08-15T00:00:00+00:00

ENGLAND

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ENTERPRISE FOR THE AMERICAS INITIATIVE (EAI)

A U.S. government program aimed at boosting hemispheric trade, expanding investment, and providing debt relief for Latin American and Caribbean countries through the creation of a hemispheric free-trade zone. The EAI, unveiled in 1990, was a prelude to the negotiation of the North American Free Trade Agreement (NAFTA), the first of several free-trade agreements between the United States and Latin American and Caribbean countries/subregions. Unfortunately, the hemispheric zone, the Free Trade Area of the Americas (FTAA), launched in Miami in 1994, did not come to fruition by the anticipated date of 2005, and plans were shelved in favor of bilateral and regional arrangements with the United States. The EAI also included a loan program and multilateral investment fund administered by the Inter-American Development Bank as well as a program of conditional official debt relief.

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