After 43 months of negotiations, the U.S. Senate approved a Free Trade Agreement with Peru. Pablo de la Flor, Chief Negotiator for Peru, predicted the new FTA will “increase the general welfare.” He is credited with turning the original “temporary concessions” into “something irreversible.” The American Farm Bureau Federation estimates this new FTA will boost U.S. farm exports to Peru annually by more than $700 million (U.S.) once it is fully implemented in January 2009…Columbia and Panama also have negotiated U.S. Trade deals, which have not yet been approved by Congress.
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