Transcript Document

Africa, Latin America and Trade
D. Daniel Sokol
International Trade & Competition Group
Steel Hector & Davis LLP
www.steelhector.com
Miami
Miami
• West
• West
PalmPalm
Beach
Beach
• Tallahassee
• Tallahassee
• Naples
• Naples
• Key
• West
Key West
• Buenos
• Buenos
AiresAires
• Caracas
• Caracas
• London
• London
• Rio• de
RioJaneiro
de Janeiro
• Santo
• Santo
Domingo
Domingo
• São
• Paulo
São P
Growing Importance of Latin
America and Africa
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FTAA
Sub-regional FTAs
Millennium Challenge
Bono-O’Neil Africa Tour
Recent Bush trip to Africa
www.steelhector.com
Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P
Trade & Development
• Importance for developing countries
• Trade promotes economic equality and
reduces poverty
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Creates jobs
Increases real income
Decreases prices
Creates consumer choice
Increases consumer welfare
www.steelhector.com
Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P
Trade & Development
• Increases competition
– Private sector restraints
– Public sector restraints
• Increases the standard of living in absolute terms
within countries
• Trade promotes human rights
www.steelhector.com
Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P
US Efforts to Integrate Africa
into World Economy
• African Growth and Opportunity Act
(AGOA)
– Creates incentives to promote free markets
• Reforming old economies
• Attracting new investment
• Creating new jobs
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Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P
US Efforts to Integrate Africa
into World Economy
• AGO Exports to U.S. $9 billion
• Negotiations underway to extend AGOA
beyond 2008 expiration date
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Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P
US Efforts to Integrate Africa
into World Economy
• United States and Southern Africa Customs
Union Free Trade Area (US-SACU)
– South Africa, Botswana, Lesotho, Namibia, and
Swaziland
– Negotiations currently underway
• Special and Differential Treatment (especially with
Agriculture)
• Asymmetry
• Trade capacity building
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Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P
US Efforts to Integrate Africa
into World Economy
• Bush Administration’s Current Efforts
– “U.S.-Africa partnership”
• Peace and Security
• Health, Famine, and Literacy
• Aid and Trade
www.steelhector.com
Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P
Africa and the FTAA
• Free Trade Area of the Americas (FTAA)
– General Overview of FTAA
• Largest trading block in the world
– 34 countries
– 800 million people
– Combined GDP of US $14 trillion
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Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P
Africa and the FTAA
• FTAA Agreement Issues
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Intellectual Property
Government Procurement
Investment
Market Access
Dispute Settlement
Services
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Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P
Africa and the FTAA
– Competition Policy
– Agriculture
– Subsidies, Anti-Dumping, and Countervailing
Duties
– E-Commerce
– Implementation of Business Facilitation
Measures
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Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P
Africa and the FTAA
• How Africa can benefit from FTAA
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Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P
Africa and the FTAA
• FTAA as a model for an African free trade
area agreement
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Miami • West Palm Beach • Tallahassee • Naples • Key West • Buenos Aires • Caracas • London • Rio de Janeiro • Santo Domingo • São P