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Ramming the matter home: Peru-US FTA rushed, diluted and finagled
Two weeks ago, as the Peruvian Congress buoyantly rushed to amend labor, health, and environmental requirements in order to implement the long pending bilateral Free Trade Agreement (FTA) with the US, former President George W. Bush and Peruvian President Alan García could not afford any further delays. As Barack Obama moved into the White House, it was clear that the Bush and García Administrations’ priority was to declare the FTA in effect regardless of what had been previously negotiated and amended in the halls of the Peruvian Congress.
US, Peru wrap up trade pact despite objections
Leaders of the United States and Peru finalized a free trade agreement on Friday, just days before US President George W. Bush leaves office and despite concerns about labor laws in the Andean country.