ISDS Case Map
Peru
Peru is willing to further deepen cooperation with China by striking deals in various fields, the country's top lawmaker said.
Bush urged Congress on Friday to approve free-trade agreements with Peru, Panama and Colombia "as soon as possible," saying failure to do so would diminish US leadership in the hemisphere.
A key US House of Representatives committee gave preliminary approval on Tuesday to a free trade pact with Peru hailed by senior Democrats as the first installment of a new trade policy.
The US Senate Finance Committee approved on Friday a draft of a free trade agreement with Peru. Sen. Kent Conrad, a North Dakota Democrat and critic of most trade deals, urged colleagues to support the agreement as a bulwark against Venezuelan President Hugo Chavez, an ardent foe of the United States.
A coalition of US labor groups that split from the AFL-CIO several years ago is urging Congress to oppose the Peru free trade agreement while AFL-CIO will not.
The long-delayed free trade agreement between the US and Peru is heading for approval in US Congress next month. AFL-CIO, the country's largest labor federation, testified this week that it won't support the agreement, but won't work to defeat it, either.
More and more US Democrats, many of whom have been skeptical about the Bush administration's trade agenda in Latin America, now support pending free trade agreements with Peru, Colombia, and Panama.
South Korea and Peru agreed to launch discussions on forming a bilateral free trade agreement during a summit between South Korean President Roh Moo-hyun and Peruvian President Alan Garcia
Chinese President Hu Jintao met with Peruvian President Alan Garcia on Friday and the two agreed to launch bilateral free trade area (FTA) negotiations.
Peru and Mexico will begin negotiations for a Free Trade Agreement (FTA) on September 17. Because Peru's agricultural products do not directly compete with Mexican products, it is hoped that agreements will be reached.
