Table: Why Bush and Business Want a Free-Trade Zone
-- To counter moves by Europe and Canada to cut free-trade deals with Latin American nations.
-- To gain access to the Latin American market--particularly Brazil's $650 billion economy. Only 8% of U.S. exports currently go south of Mexico.
-- To reassert U.S. leadership in trade, which has lagged recently. No other country has stepped forward to lead the process.
-- They claim it will build a model for globalization that fosters education and democracy, and helps to protect the environment.