HOW WESTERN HEMISPHERE INTEGRATION AFFECTS THE U.S. ECONOMY IN AN INTERTEMPORAL GLOBAL MODEL
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In a global general equilibrium analysis, an FTAA excluding the United States erodes U.S. agricultural trade preferences and export gains achieved under NAFTA. Participation in an FTAA increases U.S. agriculture exports $740 million, with gains in Central American and Caribbean Markets more than offsetting declines in NAFTA, Asia, and Europe.