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1.
n. The Free Trade Area of the Americas.

A free trade pact that would ecompass all of North, South and Central America, as well as the Caribbean.

Like NAFTA, FTAA will be pushed through as a way to boost the economy of developing countries, and improve the quality of life, but will end up serving the interests of major American corporations.
If you think NAFTA sucks, you'll hate the FTAA. This screws over people in 30+ countries, not just Canada, the US and Mexico!
by asredasblack February 17, 2005