and Peru will be granted new trade benefits available under the recently renewed (ATPDEA)The Andean trade preference program provides the four Andean. the Andean Trade Promotion and Drug Eradication Act (ATPDEA) which was Colombia, Ecuador and Peru requesting extension of ATPDEA Spanish PDF. The Andean Trade Promotion and Drug Eradication Act (ATPDEA) . note: Peru is no longer an ATPDEA beneficiary; Peru implemented a free trade agreement.
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The United States is continuing to work closely with the Government of Ecuador in order to be able to recommend that Ecuador receive peri in the near future. The program expired in December of and was renewed as part of the Trade Act of All existing provisions were renewed, each country enjoys the same benefits as under the original program, and the program was extended by additional products.
In addition, petu some of the new products, the Administration must review the impact of providing duty-free access on U.
These reviews must be completed before realization of the new benefits.
PERU: ATPDEA trade boost
The Process and the Countries Before extending the new benefits, the President must determine whether the countries meet the eligibility criteria established in the law. On the basis of aypdea interagency review that included public comments, and certain actions and aypdea by the governments of Colombia, Bolivia, and Peru, the President will grant these countries the full benefits available under the program.
The Administration is analyzing several Federal Register submissions as part of the public comment process related to Ecuador, which arrived at the end of the public comment period.
As an example of the success of the Andean Trade Preference Program in promoting economic development and providing incentives for these four Andean countries to diversify their economies away from narcotics production, Colombian exports to the U.
According to the government of Peru, inonly 16 percent of Peruvian exports went to the United States. ATPA has helped to bolster the Government of Peru’s alternative arpdea programs aimed at promoting the cultivation of crops such as coffee and cacao in areas of illicit coca cultivation. According to the Bolivian government, the ATPDEA will boost exports of jewelry, leather, and lumber products – all important economic sectors for Bolivia.
ATPDEA, FTA with US created over a million jobs in Peru | News | ANDINA – Peru News Agency
Apparel assembled from Andean regional fabric or components knit-to-shape in the region may enter duty-free subject to a cap. The cap is set at 2 percent of total U. These countries currently account for only about one percent of U.
Peur new benefits of the program include: For all of the new products except for apparel and tuna, the President must determine that the imports are not sensitive before those products can be granted duty-free treatment.
Skip to main content. Bilateral Investment Treaties Other Initiatives. September New Andean Trade Benefts.