This article examines the significance for Brazil in particular and for Latin America in general of the FTAA agreement proposed by the United States government at the Miami Summit in December of 1994. To this end, the author reviews the various regional frameworks of the "new generation" that emerged throughout the continent in the 1990´s, taking as a starting point Nafta, which may provide a notion of what can be expected from the FTAA and Mercosul.
regionalisms of the new generation; U.S./Latin American relations