President Bush Signs U.S.-Peru Free Trade Agreement
12/14/07 11:56 PM Filed in: Free Trade
Agreements
On
December 14, 2007, President Bush signed the
U.S.-Peru Trade Promotion Agreement (TPA)
Implementation Act in the presence of Peruvian
President Alan Garcia. Once implemented, the
agreement will immediately eliminate duties on
about 80% of U.S. consumer and industrial goods
sold in Peru, and will eliminate all remaining
duties within 10 years. It will also immediately
eliminate duties on more than two-thirds of U.S.
agricultural exports to Peru and eliminate most of
the remaining duties over the following 5 to 15
years.
For more details, see the U.S. Customs House Guide's article here.
For more details, see the U.S. Customs House Guide's article here.