| 41. | Peru is planning full integration into the Andean Free Trade Area.
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| 42. | COMESA was established in 1994 as a replacement for the Preferential Trade Area.
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| 43. | China and ASEAN have already agreed to establish a free-trade area by 2010.
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| 44. | The pact is meant to be a steppingstone toward a hemispheric free-trade area.
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| 45. | Both sides also agreed they would soon set up a bilateral free trade area.
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| 46. | But there were wide differences over a proposal for a transatlantic free trade area.
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| 47. | Brittan said when asked whether a free-trade area was feasible.
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| 48. | Atlanta hopes to land the headquarters for the Free Trade Area of the Americas.
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| 49. | The trade area is supposed to be created by January . _ _ _=
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| 50. | But a free trade area between the two regions is still many years away.
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