U.S. Chamber Hails House Passage of Peru Trade Agreement

The United States Chamber of Commerce today applauded House passage of the U.S.-Peru Trade Promotion Agreement and praised lawmakers on both sides of the aisle for voting in the interests of democracy in the region and economic growth here at home.

"From Lima, Ohio to Lima, Peru, this agreement means new opportunities for workers, farmers, and companies," said Chamber President and CEO Thomas Donohue.  "This vote recognizes Peru’s enormous potential and finally levels the playing field for U.S. workers, businesses and farmers."

The Chamber has spearheaded advocacy efforts on the Peru agreement both in Washington and at the grassroots level for over two years, building a coalition of more than 700 businesses and associations, sponsoring events in select cities across the nation with leaders from Peru, and hosting fly-ins and meetings with policy leaders on Capitol Hill. 

"Trade doesn’t stop at the water’s edge, but today at least, partisanship did," added Donohue.  "Beyond a burgeoning trade relationship, this vote shows real progress toward crafting a bipartisan consensus on trade, and we congratulate both Democratic and Republican leaders for their hard work."

U.S. trade with Peru has doubled over the past three years, reaching $8.8 billion in 2006.  More than 5,000 U.S. companies export their products to Peru, and over 80% of these are small and medium-sized companies that stand to benefit significantly from the agreement. The Chamber is also a staunch advocate for Congressional approval of the pending free trade agreements with Colombia, Panama, and Korea. The U.S. Chamber of Commerce is the world’s largest business federation representing
more than three million businesses of every size, sector and region.

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