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Congress Sets Peru Pact on Track

September 24, 2007

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.