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Eerie silence surrounds failure to ratify FTAA Treaty

Because of an impasse between the US and Brazil and Argentina on commercial issues ranging from dumping to subsides, the 34-country Free Trade Area of the Americas, originally scheduled for ratification by the end of this year, has been put on hold.

"Miami has come a long way to make our city the permanent secretariat of the FTAA," said Mario Artecona, executive director of the Miami Business Forum, a coalition of private-industry executives. "It would be great. It would be the cherry on top of the sundae. But we have to keep on working.

Even if the FTAA is delayed a few years, the city has too much momentum going, he said. Even without the treaty, Miami has established itself as the capital of Latin America in the past two years, said Mr. Artecona.

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