The outgoing U.S. president, George W. Bush announced the successful completion of the Peru-US Free Trade Agreement (FTA) implementation and its entry into force from February 1.
“Acting under the authority vested in me by the Constitution and the laws of the United States of America…, and having made the determination of the Implementation Act necessary for the exchange of notes, do hereby proclaim”, said Bush.
This proclamation indicates that the Harmonized Tariff Schedule (HTS) is modified in order to implement the initial stage of duty elimination provided for in the Agreement and to provide for future staged reductions in duties for originating goods of Peru.
The FTA with US will allow the entry of 6,500 tariff-free items from Peru, benefiting the agricultural, textile, manufacturing, fishing sectors among others.
The trade negotiations between Peru and United States started in 2004 and concluded in April 2006 with the signing of the agreement, which was approved by the US Congress in December 2007.
The proclamation took place today, considering that next Monday is a holiday in the United States and on Tuesday, democrat Barack Obama will get sworn in. (Andina)
“Acting under the authority vested in me by the Constitution and the laws of the United States of America…, and having made the determination of the Implementation Act necessary for the exchange of notes, do hereby proclaim”, said Bush.
This proclamation indicates that the Harmonized Tariff Schedule (HTS) is modified in order to implement the initial stage of duty elimination provided for in the Agreement and to provide for future staged reductions in duties for originating goods of Peru.
The FTA with US will allow the entry of 6,500 tariff-free items from Peru, benefiting the agricultural, textile, manufacturing, fishing sectors among others.
The trade negotiations between Peru and United States started in 2004 and concluded in April 2006 with the signing of the agreement, which was approved by the US Congress in December 2007.
The proclamation took place today, considering that next Monday is a holiday in the United States and on Tuesday, democrat Barack Obama will get sworn in. (Andina)
Photo: US president George W. Bush at the White House.
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