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PERU: CONGRESS RATIFIES FREE-TRADE AGREEMENT WITH THE U.S.
NotiSur - South American Political and Economic Affairs, July, 2006
On June 28, a midnight vote in Peru's Congress overwhelmingly ratified the free-trade agreement (FTA) negotiated with the US last year (see NotiSur, 2006-01-13). Protestors broke into Congress and scuffled with police and protested in the streets to say the deal would harm several sectors of Peruvian society, but the outgoing Congress rejected their arguments. The treaty now awaits approval in the US Congress.
Peru Trade Promotion Act now in US Congress' hands
The agreement, the US-Peru Trade Promotion Act (PTPA), was signed on April 12 by Peruvian Minister of Foreign Trade and Tourism Alfredo Ferrero Diez Canseco and US Trade Representative (USTR) Rob Portman, following the conclusion of negotiations in December 2005.
When Colombia,...
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