Council Urges Swift Senate Vote, Action on Pending Agreements
Washington DC – The National Foreign Trade Council (NFTC) today commended the U.S. House of Representatives for approving the U.S.-Peru Trade Promotion Agreement (PTPA), with a substantial number of Democrats and Republicans voting for the trade deal.
“We applaud the House for delivering a solid bipartisan vote on the Peru trade agreement, and look forward to similar action in the Senate in the next few days,” said NFTC President Bill Reinsch. “Strong support for the FTA on both sides of the aisle is the result of a lot of hard work on the part of the House leadership and the Administration to come together to craft a bipartisan U.S. trade agenda.”
Two-way trade between the United States and Peru reached $7.4 billion during 2005, with $2.3 billion of this coming from U.S. exports. The PTPA will allow for continued and increased market access for U.S. goods such as machinery, electronics, plastics and agricultural products, among others.
“Congressional approval of the PTPA will show our trading partners in Peru and the rest of the region that the United States values our commercial relations with Latin America,” said Mary Irace, NFTC Vice President for Trade and Export Finance. “Following final action on Peru, we look forward to timely consideration of the Colombia, Panama and South Korea FTAs.”
Advancing Global Commerce for Over 90 Years
The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.