Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Netanyahu deletes tweet featuring photo of James Foley

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 22 August 2014

Read more

FRANCE IN FOCUS

FRANCE IN FOCUS

Read more

FOCUS

Lifting the veil over China's air pollution

Read more

ENCORE!

Tango Takeover in Paris

Read more

WEB NEWS

Calls for ISIS media blackout after execution of James Foley

Read more

IN THE PAPERS

'Steely resolve of reporters exploited by pared-down employers'

Read more

BUSINESS DAILY

US judge calls Argentina bond swap offer illegal

Read more

  • French teenage girls held over Syria jihad plans

    Read more

  • Israel pounds Gaza but phones targets with warnings

    Read more

  • Bombs across Iraq kill dozens as violence escalates

    Read more

  • Good borders make good neighbours, Merkel tells Ukraine

    Read more

  • Islamist fighters claim they have taken Tripoli airport

    Read more

  • Iceland issues aviation alert on volcano activity

    Read more

  • France will not be 'be pushed around' by Germany

    Read more

  • ‘European GPS’ satellites launched into wrong orbit

    Read more

  • Libya withdraws as Africa Cup of Nations host

    Read more

  • Video: Israel bombs kidnapping suspect’s home

    Read more

  • US brands journalist’s beheading a ‘terrorist attack’

    Read more

  • Ebola prompts Philippines to recall UN troops in Liberia

    Read more

  • Besieged by problems, Hollande faces unhappy return from summer holidays

    Read more

  • US sued over ‘deportation mill’ in New Mexico

    Read more

  • Colombian army and FARC rebels in face-to-face talks

    Read more

  • US National Guard starts to pull out of embattled Ferguson

    Read more

  • August 22, 1914: The bloodiest day in French military history

    Read more

Free trade deal goes into effect

Latest update : 2009-01-16

The United States and Peru have launched a free trade deal which took effect when it was signed by President George W. Bush on Friday, the White House said in a statement. The presidential order made official a treaty signed in April 2006.

AFP - The United States and Peru launched a free trade deal which took effect when it was signed by President George W. Bush on Friday, the White House said in a statement.
   
"With the president's issuance of a proclamation to implement the US-Peru Trade Promotion Agreement as of January 16, 2009, I am very pleased to be able to celebrate the entry into force of this important trade agreement," said US Trade Representative Susan Schwab.
   
"We have worked closely with the Government of Peru to ensure that the obligations and responsibilities of each party have been met under this Agreement. We have engaged in this effort as true partners, and I want to thank President (Alan) Garcia and his government for their hard work and dedication over the course of the last year," the statement added.
   
The presidential order made official the intent of the treaty signed April 12, 2006 between the US and the Andean nation, and amended June 25, 2007, a White House statement said.
   
The deal was the fruit of tough negotiations that required Peru to change some of its labor legislation to bolster rights to collective bargaining and unionization.
   
"This is the first free trade agreement in force that will reflect the enhanced labor and environmental standards set out in the May 10, 2007, agreement between the Administration and the congressional leadership," the US statement added.
   
US-Peruvian bilateral trade is currently worth about 9.4 billion dollars annually.

Date created : 2009-01-16

COMMENT(S)