The U.S.–Peru Trade Promotion Agreement Enters into Force
2009-02-01
More than two-thirds of American agricultural exports to Peru became duty free on 1 February 2009, when the U.S.–Peru Trade Promotion Agreement entered into force. Other tariffs would fall in stages, giving producers time to adjust. The agreement also governed services, investment, and intellectual property. [1]
Access to markets came with commitments on the regulation of work and natural resources. This was the first American trade agreement to enter into force with the labor and environmental provisions developed in a bipartisan congressional agreement in May 2007. [1]
Peru’s forests received particular attention through an annex on forest governance, illegal logging, and the trade linked to it. The environmental chapter required the parties to enforce their own environmental laws and provided a route for public submissions. [1]
Related Diplomats
Sources
- U.S.–Peru Trade Promotion Agreement — USTR
Entry into force; labor and environmental commitments; forest governance annex
- Acta de la Décima Sexta Sesión Ordinaria, 15 January 2007
pp.8–10
Related Reading
Cite This Article
The U.S.–Peru Trade Promotion Agreement Enters into Force. Chanceries Diplopedia. Record bd563e82c93e482889e7. https://chanceries.org/research/history/peru-trade-6d8cf9bca9/