UNECLA

(redirected from United Nations Economic Commission for Latin America and the Caribbean)
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AcronymDefinition
UNECLAUnited Nations Economic Commission for Latin America and the Caribbean (est. 1948)
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Some assistance has been given to the region by the United Nations Economic Commission for Latin America and the Caribbean. The Organization of American States has also given invaluable help to the Caribbean and Latin American Region.
Even though economic growth in Latin America has improved to 4.5% in 2004 (from a negligible 1.5% in 2003), regional unemployment remains high at 10%, according to the United Nations Economic Commission for Latin America and the Caribbean.
For further evidence of just how advanced FTAA plans are, there is an elaborate official website of the "FTAA process" maintained by "the Tripartite Committee, consisting of the Inter-American Development Bank (IDB), the Organization of American States (OAS) and the United Nations Economic Commission for Latin America and the Caribbean (ECLAC)." Under the conditions of TPA as given to President Bush by Congress, it is likely that an FTAA agreement will be presented to Congress sometime in 2004 or 2005 for a simple up or down vote with no amendments possible.
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