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FREE TRADE AREA BETWEEN THE UNITED STATES OF AMERICA AND CHILE ON THE BACKGROUND OF THE US REGIONAL POLICY RELATED TO THE LATIN AMERICA (Strefa wolnego handlu pomiedzy Stanami Zjednoczonymi a Chile, na tle polityki regionalnej USA...)

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Wocial M.

Afryka, Azja, Ameryka Lacinska (Africa, Asia, Latin America )

2006

vol. 83

105-120

This paper attempts to examine the significant effects of creation of the free trade area between the United States of America and Chile. The presentation of real figures and data is synthesized with theoretical background pertaining to a general evolution in approach of the US decision makers to the Latin America region since the beginning of 20th century. What is most important, an impact of the FTA seems to provide both parties of the agreement with gradual acceleration of a bilateral foreign exchange, as well as countable gains. Conclusions drawn from this paper reflect the only economic justifications of FTAs skeptics for their existence, which are: more advanced integration than in case of traditional agreements of that type and so called lock-in effect. Both of this conditions are valid in the context of the FTA agreement between the US and Chile. What is more, the undeniable success of Mexico participation in NAFTA structures and predicted positive long-term effects of USA- Chilean cooperation, provide regional liberalization enthusiasts with strong evidence, that although lot of criticism, this form of international liberalization works. This means practically, that one can expect progressive creation of the trade blocs, rather than further global liberalization based on general GATT rules within following negotiation rounds.

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1 Afryka, Azja, Ameryka Lacinska (Africa, Asia, Latin America )

1 Wocial M.

1 2006

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FREE TRADE AREA BETWEEN THE UNITED STATES OF AMERICA AND CHILE ON THE BACKGROUND OF THE US REGIONAL POLICY RELATED TO THE LATIN AMERICA (Strefa wolnego handlu pomiedzy Stanami Zjednoczonymi a Chile, na tle polityki regionalnej USA...)