dened open market will have similar effects on the rest of the Western Hemisphere.ConclusionNAFTA was created with the intention of expansion. Canada and Mexico are both willing to take on new members, it is the US' lack of direction that has halted such advancements. It is time for the US to end a tiresome debate and step forward to lead the Western Hemisphere to global economic prosperity in the 21 century. If the US fails to do so, other trade areas may surpass the US' regional hegemony. RecommendationsBy 2005, the 34 nations of Latin America and the Caribbean have agreed to join in the FTAA. It is possible to draft an entirely new trade agreement, or merge the existing ones. It is recommended that the US takes part in leading the Western Hemisphere into agreement in the FTAA by merging NAFTA, MERCOSUR, CARICOM, and the Andean Region. This will be made possible by first getting Congress to renew Fast Track, and second, informing the public of the continuous benefits of free trade. ...
