Africa, Latin America and Trade D. Daniel Sokol International Trade & Competition Group Steel Hector & Davis LLP Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo Growing Importance of Latin America and Africa FTAA Sub-regional FTAs Millennium Challenge Bono-O’Neil Africa Tour Recent Bush trip to Africa

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo Trade & Development Importance for developing countries Trade promotes economic equality and reduces poverty –Creates jobs –Increases real income –Decreases prices –Creates consumer choice –Increases consumer welfare

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo Trade & Development Increases competition –Private sector restraints –Public sector restraints Increases the standard of living in absolute terms within countries Trade promotes human rights

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo 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

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo US Efforts to Integrate Africa into World Economy AGO Exports to U.S. $9 billion Negotiations underway to extend AGOA beyond 2008 expiration date

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo 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

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo 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

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo 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

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo Africa and the FTAA FTAA Agreement Issues –Intellectual Property –Government Procurement –Investment –Market Access –Dispute Settlement –Services

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo Africa and the FTAA –Competition Policy –Agriculture –Subsidies, Anti-Dumping, and Countervailing Duties –E-Commerce –Implementation of Business Facilitation Measures

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo Africa and the FTAA How Africa can benefit from FTAA

Miami West Palm Beach Tallahassee Naples Key West Buenos Aires Caracas London Rio de Janeiro Santo Domingo São Paulo Africa and the FTAA FTAA as a model for an African free trade area agreement