In this scenario, the bilateral relation between MERCUSOR and the United States takes a more significant stance (Lorenzo and Marcel 2005). In order to understand creation of free trade in the Americas, it is vital to look at the economic incentives on private and social levels of distinct alternatives for trade liberalization. This implies that information is processed to comprehend the distinct negotiation process that is the bilateral as against plurilateral considering specific national interests in the region.
The incorporation process includes many subjects such as intellectual property, harmonization of local policies on competition and labor and environmental standards. The main focus is aimed in looking at alterations in market access linked with the proposed trade liberalization thus opening ways for free movement of goods in America. The U.S population and pre-capita product is larger than that of the MERCOSUR countries; this gives the U.S an economic weight than the MERCUSOR countries. The United States has not ignored MERCOSUR countries as a tangible and valid voice in the FTAA negotiations; it has instead preferred to concentrates its efforts towards global ambit. Bilateralism could soon become the new aspect in bringing dynamism to the negotiation process. For instance, in 2003, there was accelerated trade negotiation between the United States with Caribbean and Central American countries.
MERCOSUR was created in 1991 and since then, it has achieved regional integration as the fastest means of advancing the process of economic development in global arena. The process of creating free trade is an intricate process in that it includes unilateral opening, pluri-lateral preferential agreements, and multilateral negotiations. The main agenda for MERCOSUR was the establishment of free trade area for Americas (Lorenzo and Marcel 43). For instance, in