The failure of the 34 hemispheric countries in reaching a compromise on a free trade area at the Mar del Plata summit was summarized in an annexe to the final declaration, more precisely in paragraph 19 with the two rival positions.
Mexico will begin the Mercosur incorporation process during the first half of 2006 announced Mexican president Vicente Fox during his stay in Mar del Plata, Argentina for the IV Americas Summit.
Argentina's cabinet chief Alberto Fernandez bluntly denied that the IV Americas Summit had turned into a failure for Argentina and expressed satisfaction because Mercosur came out much consolidated following the two days meeting of 34 leaders from the hemisphere including US President George Bush.
United States President George W. Bush currently visiting Brazil admitted Sunday he must work harder to convince President Lula da Silva of the benefits of the Free Trade Area of the Americas, (FTAA) the big stumbling block in Friday/Saturday's IV Americas Summit.