U.S. Senate Passes Peru Free Trade Agreement
The U.S. Senate passed the U.S.-Peru Free Trade Agreement (FTA) yesterday. The Senate voted 77-18 on December 4 to approve the agreement, which will ensure that the United States will continue to gain access to world markets, resulting in an improved economy and additional employment of Americans. The FTA received a "yes" vote from California Senator Dianne Feinstein (D-San Francisco) and Senator Barbara Boxer (D-Greenbrae) voted "no." Last month, on November 8, the US House approved the FTA by a vote of 285 - 132. CalChamber, December 5, 2007
President Bush Pleased with Senate Passage
of Free Trade Agreement
I commend the Senate for approving the free trade agreement with Peru with strong bipartisan support. This agreement will level the playing field for American exporters and investors and will expand an important market in this hemisphere for U.S. goods and services, which will help strengthen economic growth and job creation in the United States. White House, December 4, 2007
Senate Passage of the Peru Trade Promotion Agreement -
Statement by Secretary Condoleezza Rice
I am gratified by the Senate's bipartisan approval of the U.S.-Peru Trade Promotion Agreement. This is a strong agreement that will benefit both our countries. U.S. businesses, workers, farmers, and ranchers will now be able to compete on a level playing field with their Peruvian counterparts, and U.S. investors will have greater opportunities to play a positive role in the Peruvian economy. US State Department, December 4, 2007
Secretary Gutierrez Praises Senate Passage
of the U.S-Peru Trade Promotion Agreement
Commerce Secretary Carlos M. Gutierrez issued the following statement applauding the U.S. Senate passage of the U.S.-Peru Trade Promotion Agreement. "I commend Chairman Baucus, Senator Grassley and the U.S. Senate for its overwhelming support of the U.S.-Peru Trade Promotion Agreement. With this final vote, Congress will boost both nations' economies and remove barriers for U.S. exports to that market." US Dept of Commerce, December 4, 2007
Gutierrez and Schwab Travel to China for JCCT and Trade Talks Commerce Secretary Carlos M. Gutierrez and U.S. Trade Representative Susan C. Schwab will travel to Beijing, China next week for the U.S.-China Joint Commission on Commerce and Trade (JCCT) to be held Dec.11. The JCCT, a high-level government-to-government dialogue, seeks to open market opportunities and resolve trade disputes. U.S. Department of Agriculture officials will also participate in the JCCT. Prior to the JCCT on Monday Dec. 10 there will be a conference on innovation as well as various public events and bilateral meetings. US Department of Commerce, December 7, 2007
Senate passes Peru free trade deal -
Legislation is good news
for small U.S. exporters.
The Senate approved a free trade agreement with Peru yesterday by a vote of 77 to 18, clearing the way for the deal to become law within weeks. While U.S. labor and environmental advocates generally opposed the deal, some small businesses cheered the idea of opening up another market for their products. Note: Kimberly Benson, Vice President for Cange International and a member of CalChamber's CIT, is quoted in this article.Fortune Small Business, December 5, 2007
U.S.-Peru Free Trade Agreement
A bilateral FTA that will lower tariffs and foster increased trade between both countries. This agreement is a critical element of a possible U.S.-Andean Free Trade Agreement and of the U.S. strategy to liberalize trade through bilateral, regional and multilateral initiatives.
CalChamber Position: Support
Status: Awaiting the President's Signature
U.S.-Colombian Trade Promotion Agreement
A bilateral TPA that will lower tariffs and foster increased trade between both countries. This agreement is a critical element of a possible U.S.-Andean Free Trade Agreement and of the U.S. strategy to liberalize trade through bilateral, regional and multilateral initiatives.
CalChamber position: Support
Status: Pending Congressional Action
Act now! Click here to send a letter to your representative
U.S.-Panama Free Trade Agreement
A bilateral FTA that will lower tariffs and foster increased trade between both countries. A U.S.-Panama Free Trade Agreement is a critical element of the U.S. strategy to liberalize trade through multilateral, regional and bilateral initiatives. The agreement will also increase momentum toward lowering trade barriers and set a positive example for other small economies in the Western Hemisphere.
CalChamber position: Support
Status: Pending Congressional Action
Act now! Click here to send a letter to your representative
U.S.-Korea Free Trade Agreement
A bilateral FTA which will lower tariffs and foster increased trade between both countries and is a critical element of the U.S. strategy to liberalize trade through multilateral, regional and bilateral initiatives.
CalChamber position: Support
Status: Pending Congressional Action
Act now! Click here to send a letter to your representative
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