Congress Should Advance U.S. -Peruvian Free Trade Ties

Publication Date: November 2005

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Ana Isabel Eiras; Stephen Johnson

Research Area: Economics; Trade

Keywords: Latin American; trade agreement

Type: Brief

Coverage: Peru

Abstract:

On April 12, the United States and Peru concluded negotiations for the United States-Peru Trade Promotion Agreement, a major advance in economic and security relations between the U.S. and Latin America's fifth most populous country. Peru's legislature has already approved the deal, and it now awaits action in the U.S. Congress. Economically, this free trade agreement (FTA) with Peru will benefit producers in both countries with greater market access and consumers with less expensive products.