Free Trade Area of the Americas - FTAA |
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FTAA - Free Trade Area of the Americas
Draft Agreement
[Chapter V Treatment of the Differences in the Levels
of Development [[CHAPTER V Treatment of the Differences in the Levels of Development and Size of Economies]
Article 1. [Treatment of Differences in the Levels of Development and Size of the Economies] [1.1. In the implementation of this Agreement, special and differential treatment that takes into account levels of development and size of the economies of the Parties shall be accorded. [Such treatment shall be applied according to sectors, topics, countries or groups of countries.] [Such treatment shall be determined on the basis of case by case analysis (according to sectors, topics and country/countries).]] [1.2 Without prejudice to the specific measures on special and differential treatment in each Chapter of this Agreement, the Parties undertake to support the Hemispheric Cooperation Program to ensure that effective advantage is taken of the advantages derived there from.]
[1.3 The differential treatment for countries with different levels of development and size of their economies is a fundamental principle of this Agreement. Both the Parties and the entities of the FTAA are obliged to abide by the provisions on the issue, found in all chapters of the Agreement.]]
Chapter V
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