TIA saluted the efforts of the U.S. House of Representatives Ways and Means Commitee and anticipated a full vote on the House floor at press time Wednesday on H.R. 3688, the U.S.-Peru Trade Promotion Agreement (TPA). TIA supports the Peru TPA and the other pending trade agreements for their market-leveling language in favor of the U.S. ICT industry.
Last week, the Ways and Means Committee unanimously approved the Peru TPA, and a full floor vote was pending at press time. TIA now urges the House and the Senate to approve the bill. The TPA provides many benefits for the U.S. economy, particularly in the tech/telecom sector, where the U.S. market has been relatively easy to enter, while tariffs have long existed in Peru and other Latin American countries.
Meanwhile, TIA President Grant Seiffert attended Tuesday's White House Forum on International Trade and Investment and echoed the President's call for Congress to pass all four pending trade agreenents, Peru, Colombia, Panama and South Korea. The Forum, attended by sector heads and other representatives of major U.S. economic sectors, served as an educational briefing and discussion period on the benefits of the FTAs to U.S. business. More than 5,000 U.S. companies export to Peru, according to the U.S.-Peru Trade Coalition, and more than 80 percent of those are the same kind of small and medium-sized companies that make up a majority of TIA's members.
For more information on TIA's free trade efforts, please contact Michael Nunes at mnunes@tiaonline.org or +1.703.907.7725.
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