Difference between revisions of "Latin American Free Trade Association"
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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 | + | 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. |
| + | 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]] | ||
Revision as of 22:04, September 12, 2015
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.
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.