U.S. President George Bush hosted Peruvian President Alan García for the signing of the U.S.-Peru Trade Promotion Agreement on December 14 after the deal won overwhelming approval in the Senate. Bush has called on Congress to now take action on the Panama and Colombia agreements.
On November 7, after months of negotiations and debate, the U.S.-Peru Trade Promotion Agreement passed the U.S. House of Representatives by a vote of 285 to 132. The bill is expected to receive Senate consideration shortly.
Congress has begun consideration of the U.S.-Peru Trade Promotion Agreement, and a decision on its approval is expected by the end of October. A new congressional update takes a look at action on the deal, possibilities for similar agreements with Panama and Colombia, and a U.S. proposal for a new hemispheric aid initiative.
This month, AS/COA provides an update on the status of trade legislation and the farm bill. With Congress on recess for the next month, forward movement will have to wait for September.
Topics in this issue
• Democrats and Bush administration reach compromise on trade
• Enforcing labor standards
• Revising intellectual property rights
• Environment
• Effects on Trade Promotion Authority
