U.S.-Peru Trade Promotion Agreement


 

Publication Date: March 2007

Publisher: Library of Congress. Congressional Research Service

Author(s):

Research Area: Trade

Type:

Coverage: Peru

Abstract:

On April 12, 2006, U.S. Trade Representative Rob Portman and Peruvian Minister of Foreign Trade and Tourism Alfredo Ferrero Diez Canseco signed the U.S.-Peru Trade Promotion Agreement (PTPA). On January 6, 2006, President Bush notified the Congress of the United States' intention to enter into the PTPA. Implementing legislation may be introduced during the 110th Congress. The Peruvian Congress voted 79-14 to approve the agreement with the United States in June 2006. The PTPA is a comprehensive trade agreement that, if ratified, would eliminate tariffs and other barriers in goods and services trade between the two countries. See also CRS Report RS22521, Peru Trade Promotion Agreement: Labor Issues, by M. Angeles Villarreal and Mary Jane Bolle; and CRS Report RS22430, Peru: 2006 Elections and Issues for Congress, by Maureen Taft-Morales. This report will be updated as events warrant.