Andean Free Trade Agreement

A senior U.S. trade official recently said that U.S. trade agreements with Colombia and Peru will likely be treated as separate agreements by Congress, limiting the possibility of an autonomous Andean United Nations. Free trade agreement. (42) As part of the trade promotion authority act (TPA) deadlines, expedited legislative procedures will apply to the implementation of trade agreement bills when agreements are concluded, among other things, by June 30, 2007. Given the ACCORD notification procedures, free trade agreements with Colombia and Peru could be voted on by Congress this summer. It is not known whether, or when, a free trade agreement between the United States and Ecuador could be concluded. There have been several important issues in the free trade negotiations. Negotiators said the main obstacles to reaching a comprehensive agreement on agriculture and intellectual property rights were the main obstacles. Another major problem has been labour standards. Under notification procedures under the Trade Promotion Authority Act, trade agreements with Peru and Colombia could be voted on by Congress this summer.

The narrow passage of the CAFTA-DR had been seen as an indicator that any free trade agreement between the United States and the Andes could also face considerable opposition. The impact on this calculation of the Bush administration`s decision to negotiate and submit separate free trade agreements with Peru and Colombia remains uncertain. This report is not updated. – the objective of establishing standards to be applied in Andean countries and building on the foundations of the WTO agreement on aspects of intellectual property rights that weigh on trade and other international intellectual property agreements, such as the World Intellectual Property Organization (WIPO) Copyright Treaty, the WIPO Treaty on Benefits and Recorded Music, and the Treaty on Copyright. In May 2002, a new agreement on political dialogue and cooperation between the European Union (EU) and the Andean Community was launched at the EU-LAC summit in Madrid. This agreement, signed in Rome in December 2003, will replace, after its ratification, the 1996 Rome Declaration and the 1993 Framework Cooperation Agreement. At the 2005 EU Ministerial Meeting, EU Andean Community Ministers announced that the 2003 agreement had been signed by the Foreign Affairs Council of the Andean Community on 11 July 2004 by Decision 595 of the Andean Community. At the EU-Andean High-Level Meeting in July 2006, both sides agreed that the Agreement on Political Dialogue and Cooperation should be ratified quickly and that a future Association Agreement with political, cooperation and trade pillars should be comprehensive. Andean governments are pursuing free trade agreements with the United States to ensure access to the huge U.S. market. They now have preferential access under unilateral U.S. programs (see next section), but this access is expected to expire at the end of December 2006.

A free trade agreement would include these preferences and additional duty-free treatment. Andean governments also want to attract foreign investment and see a free trade agreement with the United States as a way to create a safer economic environment and increase foreign investment. On April 13, 2005, the House of Representatives Committee on International Relations, a subcommittee of the Western Hemisphere, held a hearing on U.S. trade agreements with Latin America. At the hearing, John Murphy, Vice President for Western Hemisphere Affairs of the United States