Peruvian-American Chamber of Commerce Urges U.S. Congress to Ratify the Peru-U.S. Free Trade Agreement; Peruvian Lawmakers Vote 79-18 to Approve Pact; Congress Now Waits for Approval in Washington

“After two and a half years of arduous negotiations between the governments of Peru and the United States, the free trade agreement was signed in Washington before Peruvian President, Alejandro Toledo, who later returned to Peru to present it before the national congress for consideration, amidst a full electoral process.

The Peruvian American Chamber of Commerce would like to congratulate the lawmakers of the Peruvian Congress — from all sides of the political spectrum — who understood the treaty’s historical significance, which has given Peru the opportunity to be one of the region’s first countries, along with Chile, to sign this agreement. The free-trade agreement originated heated and sometimes fiery debates between promoters and retractors, but in the end lawmakers recognized that the agreement opens a very encouraging economic and commercial future for the development of Peru and substantiates the direction the country is taking. “

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