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526 Annals Am. Acad. Pol. & Soc. Sci. 9 (1993)

handle is hein.cow/anamacp0526 and id is 1 raw text is: ANNALS, AAPSS, 526, March 1993 Western Hemisphere Free Trade: Probability or Pipe Dream? By SIDNEY WEINTRAUB ABSTRACT: U.S. trade policy has four sometimes incompatible strands: multilateralism; preferential bilateralism; preferential re- gionalism; and unilateral imposition of import restrictions outside the framework of the multilateral structure. President Bush's pro- posal for free trade in the Western Hemisphcre represents one of these elements, but it comes as the other strands are also being pursued in multilateral and North American trade negotiations. President Bush's free trade initiative was warmly received in Latin America and the Caribbean. This is because the region now looks outward toward exports more than at any time since the Great Depression. The feasibility of hemispheric free trade will depend on the extent to which the United States is prepared to discard uni- lateralism in its protective measures, how far other countries in the region are prepared to open their markets, and how committed they are to cooperating in formulating product and environmental stan- dards and in protecting intellectual property. Sidney Weintraub is Dean Rusk Professor at the Lyndon B. Johnson School of Public Affairs, University of Texas at Austin, and also Distinguished Visiting Scholar in the Americas Program of the Center for Strategic and International Studies in Washington, D.C. Before joining the faculty of the LBJ School, Dr. Weintraub was a career official in the U.S. Department of State. He has written extensively on Mexico-U.S. relations, including A Marriage of Convenience: Relations between Mexico and the United States (1990). 9

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