Peru Free Trade Agreement Moves Closer

House and Senate committees have given the go-ahead for Peru FTA.

Published on: Sep 27, 2007

The House Ways and Means Committee and the Senate Finance Committee have both approved the Peru Free Trade Agreement's draft language, so the ball is back in the White House's court. The administration must deliver a final bill to implement the agreement, which Congress will have 90 days to vote up or down.

As the first of the four pending free trade agreements to be acted upon, the Peru deal is critical to moving the agreements with Columbia, Panama and South Korea forward. There are some sticky political issues remaining with those three countries and only if Congress passes the Peru deal does it seem possible for them to give these other agreements serious consideration.