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AEM Commends U.S. House of Representatives on Support of U.S.-Peru Free Trade Agreement11-30-07 | News
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AEM Commends U.S. House of Representatives on Support of U.S.-Peru Free Trade Agreement

Washington, DC ?EUR??,,????'?????<

The passing of this agreement by the House is of great importance because it couild pave the way for the upcoming Senate vote and support of other pending Latin America agreements, notes AEM Global Public Policy Manager Ann-Marie Padgett.

Padgett explained that the vote sent a message that Congress is willing to protect U.S. industrial manufacturers with legislation that opens markets and maintains America?EUR??,,????'?????<

The Peru FTA benefits both U.S. industrial manufacturers and American workers, adds Padgett. Some 80 percent of U.S. exports of consumer and industrial products to Peru will become duty-free immediately, with remaining tariffs phased out over 10 years. And, the FTA will allow trade in remanufactured goods, a growing market for some AEM members. Also, a Peru FTA helps ensure that U.S. companies and their workers will have access to Peru?EUR??,,????'?????<

Courtesy of Pat Monroe, Association of Equipment Manufacturers

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