Congress Sets Peru Pact on Track
Congress Sets Peru Pact on Track
The House Ways and Means Committee voted in support of the U.S.-Peru Trade Agreement this week. Congressional approval is expected in October with the deal viewed as a potential model for other bilateral pacts. COA testimony notes the agreement's passage provides an opportunity to advance strategic policy goals and promote U.S. economic, labor, and environmental interests.
The House Ways and Means Committee voted in support of the U.S.-Peru Trade Agreement this week, days after the Senate Finance Committee backed the pact. The deal, signed by the two countries in April 2006, was approved by the Peruvian congress a year ago. Legislators in Lima also approved changes presented by U.S. Congress in May requiring tougher environmental and labor standards. Congressional approval of the deal is expected in October, with the pact viewed as a potential model for other bilateral trade agreements, including those with Colombia and Panama.
