"On April 12, U.S. Trade Representative Rob Portman and Peruvian Minister of Foreign Trade and Tourism Alfredo Ferrero Diez Canseco signed the U.S.-Peru Trade Promotion Agreement (PTPA). The agreement was concluded on December 7, 2005. On January 6, 2006, President Bush notified the Congress of the United States' intention to enter into the PTPA. The PTPA is a comprehensive trade agreement that, if ratified, would eliminate tariffs and other barriers in goods and services trade between the two countries. The labor provisions may be among the more controversial of the agreement. It is unknown when PTPA implementing legislation may be introduced in the U.S. Congress. On June 28, 2006, the Peruvian Congress voted to approve the FTA [Free Trade Agreement] with the United States, with 79 votes in favor of the agreement and 14 votes against it. See also CRS [Congressional Research Service] Report RS22430, 'Peru: 2006 Elections and Issues for Congress', by Maureen Taft- Morales. This report will be updated as events warrant."
CRS Report for Congress, RS22391
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