President of Peru Alan Garcia and member of the Permanent Committee of the Political Bureau of the Communist Party of China, Li Changchun, confirmed on Friday the common interest to negotiate a bilateral free trade agreement.
Peru's foreign trade minister on Wednesday expressed confidence that progress will be made this month toward clinching US congressional approval of a Peruvian-US free trade pact.
Peru and Norway are China's next target as trade partners even as the country is busy discussing free trade agreements (FTAs) with two dozen economies.
Peru's Ministry of Foreign Relations acknowledged that it has contracted the American legal firm Patton Boggs LLP to begin lobbying efforts to speed up the free trade agreement ratification process in the United States.
Peru's Minister of Foreign Trade and Tourism (Mincetur) Mercedes Araoz expressed her concern over complaints that could be taken to international courts by Peru's teacher's union, SUTEP and subsequently affect the pending free trade agreement with the United States.
A Bush administration proposal aimed at winning Democratic party support for free trade agreements with Peru, Colombia and Panama falls short of what is needed to strengthen the labor provisions of those pacts, a Democratic lawmaker said on Monday.
A Bush administration proposal aimed at winning Democratic party support for free trade agreements with Peru, Colombia and Panama falls short of what is needed to strengthen the labor provisions of those pacts, a Democratic lawmaker said on Monday. It "misses the point" and shifts the focus from improving conditions for workers to a legalistic debate over whether a foreign country's law are equivalent to those of the United States, he said.
The Bush administration is unlikely to reach a deal with the Democratic-led Congress to salvage free trade agreements with Colombia, Panama and Peru, the AFL-CIO said on Friday.