A proposed trade deal between Canada and the European Union puts pressure on the United States to begin thinking about its own trade pact with Europe, U.S. manufacturers said Tuesday.
We in America need to be aware of the effects our economic imperialism has around the world. Instead of looking to move away from free trade agreements such as the one in Peru, we are working to establish new agreements, such as those in Panama or Colombia. The pork industry, for example, is lobbying very hard for a Panama FTA, so it can open up Panamanian markets to American pork.
Protestors' top demand is the repeal of a series of decrees, known collectively as the "Law of the Jungle," signed by García last year using extraordinary powers granted to him by Peru's Congress to enact legislation required by the 2006 US-Peru Free Trade Agreement. Under the government's current plan, oil and gas concession blocs alone would cover 72 percent of Peru's Amazon.
Many Indigenous groups, human rights organizations, and environmental groups have called for President Garcia to step down and have issued calls for demonstrations at Peruvian embassies around the world "until the bloodbath is stopped and the legislative decrees for the Free Trade Agreement with the United States are repealed."
Canada is interested in a free trade deal with the United States that would open up local government procurements to both countries. The interest comes as Canadian companies continue to report difficulties in winning government contracts in US cities because of "Buy American" provisions in President Barack Obama's stimulus bill.
The United States has embarked on a review of its model bilateral investment treaty (BIT). Last updated in 2004, the US closely adheres to the model in its BIT negotiations with other countries.
There has long been talk that the US was preparing to walk away from talks on the proposed agreement, and the speculation finally ended last month when the US government announced that it would not revive negotiations.
A free trade agreement between Colombia and the United States will become a reality and is just a matter of time, the President of the US Chamber of Commerce, Thomas J. Donahue, said.