"In November 2003, the Administration notified Congress that it intended to begin negotiations on a free-trade agreement (FTA) with Colombia, Peru, Ecuador, and Bolivia. The notification said that an FTA would reduce and eliminate foreign barriers to trade and investment and would support democracy and fight drug activity in the Andean region. The Andean governments wanted to ensure access to the U.S. market, especially since their current trade preferences will terminate at the end of 2006. In the United States, the business community strongly supports the trade agreement, labor opposes it, and agriculture is split. The first round of negotiations was held with Colombia, Peru, and Ecuador (with Bolivia participating as an observer) in Cartagena, Colombia, in May 2004. Ten rounds have been held thus far. The latest round was held in Guayaquil, Ecuador, on June 6-10, 2005; reports suggest that little progress was made. The next round is scheduled for mid-July in Miami, and at least one more round is expected after that. There is no scheduled deadline for the talks. Of note, in the last few months, Ecuador and Bolivia have had sudden changes in their presidencies."
CRS Report for Congress, RL32770
U.S. Department of State: http://www.state.gov/