Which declaration approved at the Fourth Summit of the Americas in Mar del Plata in 2005 marked a historic turning point in hemispheric trade?
Answer and explanation
Correct answer: D. The rejection of the FTAA (Free Trade Area of the Americas / ALCA) by Mercosur nations and Venezuela
- Step 1: The summit held in November 2005 saw intense debate over the US-backed FTAA. Step 2. Argentina, Brazil, Uruguay, Paraguay, and Venezuela blocked the agreement. Answer: The rejection of the FTAA (Free Trade Area of the Americas / ALCA) by Mercosur nations and Venezuela. Why not the others: The slogan 'No al ALCA' became a defining symbol of Latin American regional autonomy.
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