Wednesday, April 19, 2006

Peru - USA Sign Free Trade Agreement permanent link   1 comments
May 1, 2006
Free trade hits another barrier (by CNN / Fortune)
No one disputes that Portman's replacement, Susan Schwab, is a talented trade expert. But she doesn't have Portman's clout, either on Capitol Hill or with foreign trade ministers. Without Portman's leadership, the administration may have trouble rounding up the votes to approve a number of trade deals, such as those Portman has inked with Peru and Columbia, to provide preferential treatment for goods from those countries and lower their tariff barriers to US products.

April 19, 2006
Señor Chavez is not amused (by bloomberg.com)
Venezuelan President Hugo Chavez said his country will withdraw from the Andean free trade association because Colombia and Peru reached free trade agreements with the U.S. that make the group obsolete.
Chavez said in a press statement that the Andean Community of Nations, which groups Bolivia, Colombia, Ecuador, Peru and Venezuela, is "dead." Chavez is in Paraguay, attending a regional meeting.
"It makes no sense," Chavez said, referring to the Andean group. "We have to do something else."
The Mercosur trade block, which includes Argentina, Brazil, Paraguay and Uruguay, also needs to be overhauled, or it will face the same fate as the Andean Community, Chavez said.

April 12, 2006
(by Bloomberg.com, read the whole article here)
The U.S. and Peru today signed a free trade agreement today that would eliminate import tariffs on each other's goods despite uncertainty over political support for the deal in both countries.
"This all inclusive agreement will promote increased economic activity and commercial prosperity for both our nations," U.S. Trade Representative Rob Portman said at a ceremony in Washington.
Peruvian President Alejandro Toledo negotiated the deal but is stepping down by mandate in July and is set to be replaced by one of two presidential candidates opposed to the deal. The agreement also must still be approved by legislatures in both countries, where prospects for passage in each nation are muddy.
Lourdes Flores, who campaigned on pledges to support free trade, lost a three-way election this week. A run-off will be held next month between the remaining candidates -- former President Alan Garcia and nationalist Ollanta Humala -- both of whom oppose the free trade agreement because they say it would allow in a flood of subsidized American agricultural goods.
see also: article from the 'Washington Post'

April 11, 2006
(by money.cnn.com, read the whole article here)
The U.S. and Peru will sign a free-trade agreement Wednesday, the U.S. Trade Representative's Office said in a statement Tuesday.

Peruvian President Alejandro Toledo and Foreign Trade and Tourism Minister Alfredo Ferrero Diez Canseco will join U.S. Trade Representative Robert Portman in a signing ceremony in Washington, USTR said.

In January, USTR notified Congress that it had completed negotiations on a bilateral trade agreement with Peru, triggering a 90-day waiting period before the deal could be signed. It will then await approval from the two nations' legislatures.

Portman, eager to avoid the problems that the Central American trade agreement encountered, has been meeting with U.S. lawmakers to gauge support for the deal. Democrats have urged tougher provisions on labor standards.

Portman has said he is hopeful Congress will approve the deal later this year.

Toledo, speaking Tuesday on CPN radio, said many Peruvian lawmakers have taken part in negotiations and he expects his nation's Congress to approve the deal.
my take? Not so sure on that one, I assume many members of the new legislature will not be pleased with deal, to say the least. Including 'El Comandante" and Señor Garcia.
It is also a sneaky move by Toledo. He considers this deal to be a big part of his presidential "legacy", - if you can call it that way - and he thinks because his administration has negotiated it over the last couple of years, it should be ratified while still in office.
The thing is, nobody in Peru, including myself, knows a whole lot about its contents and short- and longtime effects and consequences. The government and the media have done diddly squat to communicate it to the public in a pro and con fashion. That is the reason why Toledo is fighting a referendum because it would certainly be declined by the people. Its like blindly trusting a doctor’s prescribed medicine, whether its cough syrup or cyanide….
How can you vote for something you don’t know nor understand? It could mean the economic death sentence for ‘Jose Fulano’ and ‘Juan del Pueblo’, who’s to say?


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1 Comments:

At 4/12/2006 03:12:00 PM, Blogger gamma-normids wrote...

I don't agree - not fan of Garcia nor Humala, BTW. I consider myself a person who is always aware of things that happen in Peru, but I know few about this, and thats the reason I don't trust it.

 

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