Trade as the Cornerstone of the Development Agenda
the development and establish a foreign trade policy aimed at achieving increasing and sustained growth for Peru. In the area of Tourism, the goals were to promote and regulate tourism, including the promotion, guiding and regulation of handicraft activities. International Trade Negotiations
As far as international trade negotiations are concerned, Peru’s strategy was deployed on the multilateral, regional and bilateral fronts. Accordingly, Peru has been actively involved in the multilateral system of the World Trade Organization (WTO) in the context of the Doha Round, as well as in regional forums such as CAN, ALADI, and APEC. In this period, Peru was also actively involved in the FTAA negotiations, which are suspended at present. The ATPA was renewed in 2002, this time under the name of ATPDEA. This unilateral mechanism allows tariff-free exports to the U.S. market (see Chart Nr. 2). The renewal of ATPA through APTDEA was a highly favorable occurrence, as it incorporated more than 700 new headings, increasing the number of tariff-free headings to over 6,300. The incorporation of new headings was highly favorable, as it allowed Peru to benefit from real exportable supply, including apparel, oil and oil derivatives, footwear and leather products, and vacuum-packed tuna in aluminum containers. Chart Nr. 2: ATPA (Andean Trade Preference Act) Unilateral mechanism designed by the US to support cocaine and cocaine-related producer countries—Bolivia, Colombia and Peru—that provides duty free access to US markets for a number of Andean products. ATPA was enacted to be in force for the term of ten years, expiring on December 2001. Peru used the ATPA from August 1993 and the program allowed the country to increase 1.5 times its exports to the American market until year 2001. The exports under ATPA increased from 12 million US dollars in 1993 to over 686 million US dollars in 2001.
Chart Number 10: Peru: Exports to the US: 1993–2001 (In Million US Dollars) Year
Promotion Mechanism SGP Subtotal % 223
Source: U.S. International Trade Commission
The expiration of the term for the ATPA put a good part of Peruvian exports at serious risk, and this situation led both businessmen and government to develop a joint strategy to achieve an extension of the ATPA.
Published on Sep 14, 2007
Published on Sep 14, 2007
this report was prepared by the integration and trade sector (int) as a contribution to the regional meeting on mobilizing aid for trade: la...