What benefits will the FTAA bring to smaller economies?
• For small and emerging economies, the FTAA holds the promise of achieving sustainable economic growth and reinforcing their comparative advantage. • We recognize the particular challenges of smaller economies and support the provision of technical assistance, and, on a case-by-case basis, the inclusion of measures in the FTAA to ease the transition of smaller economies, provided these are specific and time-limited. • In June 2003, Canada announced that it will contribute $24 million to the Hemispheric Cooperation Program (HCP) to respond to trade-related technical assistance and capacity building needs as identified by participating countries themselves.
