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PERU: FREE TRADE AGREEMENT WITH U.S. PASSES KEY CONGRESSIONAL PANELS IN WASHINGTON D.C.
NotiSur - South American Political and Economic Affairs, October, 2007
The US free-trade agreement (FTA) with Peru passed through important committees in both houses of the US Congress in September, making it likely that the deal would be ratified in the coming weeks or months. The so-called Peru Trade Promotion Act (PTPA) would be the first FTA to pass through the Congress since the Democratic Party gained a majority in the House of Representatives and the Republican Party lost control of the Senate almost one year ago. While Democratic leaders praise the labor and environmental standards written into the pact, critics say the deal favors corporate interests over those of working people in the US and Peru. On the fast track as neoliberalism gets bipartisan support
On Sept. 21 the Senate Finance Committee approved the deal...
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