U.S.-Latin America Trade: Recent Trends

Abstract:

Since congressional passage of Trade Promotion Authority (TPA) in August 2002 (P.L. 107-210), the U.S.-Chile free trade agreement (FTA) and the Dominican RepublicCentral America-United States Free Trade Agreement (CAFTA-DR) have been implemented. The United States has also concluded trade negotiations with Peru, Colombia, and Panama. Talks on the region-wide Free Trade Area of the Americas (FTAA), by contrast, have stalled. Trade agreements cannot enter into force until Congress approves them and passes implementing legislation as defined in Trade Promotion Authority (TPA) legislation, and it is likely that the 110th Congress will consider implementing legislation for one or all of the bilateral FTAs. This report supports the congressional role in trade-policy making by providing an analytical overview of U.S.-Latin American trade data and trends.1 It will be updated.

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