ISDS Case Map
Peru
When it comes to U.S. trade policy, in recent years it has seemed more difficult to gain bipartisan agreement among American policy-makers than to negotiate with foreign governments.
U.S. lawmakers have begun talks on whether to extend a 15-year-old trade preference program for Andean countries while free trade deals with Colombia and Peru remain up in the air, congressional aides said on Wednesday.
Peruvian political leaders expect the country's Congress to ratify protections for workers and the environment demanded by Democrats in Washington as part of a revised Free Trade Agreement between Peru and the United States.
China and Peru launched the first joint feasibility study in Beijing on building a free trade zone in the past two days, and pledged to conclude the study within three months, said Wang Xinpei, spokesman for the Ministry of Commerce on Wednesday.
Full text of the bipartisan trade deal reached between the US' Democrat-led Congress and the Bush Administration
The U.S. State Department's No. 2 official on Thursday expressed hope that free trade agreements with Colombia and Peru will be approved soon by the U.S. Congress.
As crunch time nears, Peru, Colombia and Panama have embarked on a nearly unprecedented lobbying effort to salvage their free-trade agreements with Washington.
President George W Bush and his guest from Peru, President Alan Garcia, urged the Congress on Monday to pass the pending US-Peruvian free trade agreement.
Failure by the US Congress to approve free trade agreements with Latin American countries will have “huge political consequences” in the region, US Commerce Secretary Carlos Gutierrez warned Monday.
At literally minutes to midnight on April 1, the United States signed a free trade agreement (FTA) with South Korean negotiators and rushed it to Congress. Congress now has 90 days to review the Korea, Peru, Colombia, and Panama agreements, before fast track authority expires on June 30.
