House Ways and Means Committee Approves U.S.-Peru Free Trade Agreement
11/01/07 10:33 PM Filed in: Free Trade
Agreements | International
Trade
On
October 31, 2007, the House Ways and Means
Committee unanimously approved the U.S.-Peru
Free Trade Agreement (FTA) by a 39-0 margin
after two years of debate. The FTA will move
to the House floor for consideration.
The agreement will life tariffs immediately for the 80 percent of U.S. industrial and consumer products exported to Peru and will phase out the remaining over ten years. If the House approves the bill and the Senate and President follow, it will become the 10th U.S. free trade agreement in effect.
The Houston Chronicle reported the news here. Further information regarding the U.S.-Peru FTA can be found here.