Is a bilateral free trade agreement , whose objectives are eliminating obstacles to trade,consolidating access to goods and services ands fostering private investment in and between the United States and Peru .Besides commercial issues, it incorporates economic, institutional ,intellectual property ,labor and enviromental policies , among others .The agreement was signed on April 12,2006; ratified by the Peruvian Congress on June 28; by the U.S. House of Representatives on November 2.2007 and by the U.S Senate on December 4,2007.
On November 18, 2003, the U.S. Trade Representative, Robert Zoellick , notified Congress of the intention of the Bush administration to initiate negotiations for a free trade agreement with the countries involved in ATPDEA .Negotiations started without Bolivia in May 2004, however, as each of the three remaining Andean countries decided to pursue bilateral agreements with the United States. After 13 rounds of negotiations, Peru and the United States concluded an agreement on December 7, 2005. Alfredo Ferrero, Peruvian Minister of Foreign Trade and Tourism, and the U.S. Trade Representative Rob Portman signed the deal on April 12, 2006 in Washington, D.C , in the presence of Peruvian President Alejandro Toledo.
Peru is interested in the agreement in order to :
- Consolidate and extend the trade preferences under ATPDEA.
- Attract foreign investment.
- Generate employment.
- Enhance the country's competitiveness within the region.
- Increase the workers' income.
- Curb poverty levels.
- Create and export sugar cane ethanol.
The United States looks to this agreement as a way to:
- Improve access to goods and services
- Strengthen its investments
- Promote security and democracy
- fight against drug trafficking
Fuentes: http://www.wikipedia.com/
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