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Latin American Free Trade Association (view source)

Revision as of 22:04, September 12, 2015

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The '''Latin American Free Trade Agreement''' (LAFTA) passed in 1961 to promote [[free trade]] in [[Latin America]].  It was replaced in 1981 by the [[Latin American Integration Association]]. It helps Latin American countries develop [[economic]] [[independence]] from [[foreign]] powers.
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The '''Latin American Free Trade Agreement''' (LAFTA) passed in 1961 to promote [[free trade]] in [[Latin America]].  It was replaced in 1981 by the Latin American Integration Association.
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Some supporters of these free trade agreements claim that they help Latin American countries develop [[economic]] [[independence]] from foreign powers.  But free trade can often enrich multinational corporations while causing a loss in small business jobs.
    
[[Category:Treaties]]
 
[[Category:Treaties]]
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