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PERU-U.S. FREE-TRADE AGREEMENT SIGNED INTO LAW AFTER U.S. CONGRESS APPROVES.
NotiSur - South American Political and Economic Affairs, January, 2008
A free-trade agreement (FTA) between the US and Peru passed through both houses of the US Congress and became law with the signatures of the two nations' presidents in the final months of 2007. The pact, know as the US-Peru Trade Promotion Agreement (PTPA), received support from the relevant congressional committees--controlled by members of the Democratic Party--ensuring its passage through the main chambers of Congress. US President George W. Bush praised the opposition-controlled Congress for its cooperation and urged it to pass similar pending FTAs with Colombia and Panama. By signing the PTPA, Peru's President Alan Garcia cemented his reputation as a neoliberal and turned his back on the more populist policies of his first term as president in the 1980s....
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