ISDS Case Map
Peru
Peruvian, Colombian and Ecuadorian officials will hold meetings with the European Union next week for a Free Trade Agreement. The discussion on intellectual property is seen as one of the most sensitive in the negotiations, because the Europeans have demanded an extension of the terms for the copyrights and data protection.
South Korea and Peru will start their first round of free trade negotiations in Seoul next week, South Korea's Ministry of Foreign Affairs and Trade said Friday.
The Peruvian opponents' principal argument is that Congress should have approved the FTA, as decreed by article 56 of the Constitution.
The United States has done it, and done it again. As part of the Free Trade Agreement (FTA) with Peru, the US has managed to wrest an amendment in the existing Intellectual Property laws that virtually 'facilitates biopiracy and hamper Peru's position as a protector of traditional knowledge,' reports SciDev.net
A free trade pact between Peru and Chile will take effect this week, a sign that two of the most open economies in South America are deepening their commitment to trade to help weather the global economic crisis.
Modifications to intellectual property laws that the Peruvian government "rushed through" to enable the go-ahead of a free trade agreement (FTA) between Peru and the United States could facilitate biopiracy and hamper Peru's position as a protector of traditional knowledge, say experts.
Intellectual property, a potential regional customs union, human rights, and bananas triggered heated debate last week in Bogota during the first round of negotiations toward a free trade agreement between the European Union and Andean nations Colombia, Ecuador and Peru.
Efforts by the European Union to insert strong provisions on pharmaceutical patents in free trade agreements it is negotiating with India, Colombia, Peru and ASEAN could imperil access to medicines in developing countries, global public health activists have alleged.
The FTA will not be negotiated taking the three Latin American countries as a block. The new format designed for the negotiations is an unique multi party agreement in which each country's particular interests will be taken into consideration regarding specific products, but all framed within the same agreement.
Peru's Foreign minister Jose Antonio García Belaunde said Saturday that Spain wants to sign formally the Association Agreement between Peru and the European Union (EU), when this country takes on presidency of the bloc in 2010.
