The United States-Peru Trade Promotion Agreement was signed in Washington on 12 April 2006. Signatories: U.S. Trade Representative Rob Portman and Peruvian Minister of Foreign Trade and Tourism Alfredo Ferrero, in the presence of President Alejandro Toledo. Authentic texts, equally valid: English and Spanish. DONE at Washington. Entry into force, under Article 23.4, 60 days after an exchange of notifications or on such other date as the Parties may agree; they brought the agreement into force on 1 February 2009. It is not the 1991 Andean Trade Preference Act and not the 31 October 2002 renewal (ATPDEA), which it consolidates as contractual access.

Article 1.1 establishes a free-trade area consistent with Article XXIV of GATT 1994 and Article V of GATS. The Parties reaffirm their rights and obligations under the WTO Agreement. The preamble states, at the level of principle, clear trade rules, a predictable framework for investment, transparency and anti-corruption, basic workers rights, and implementation consistent with environmental protection. Tariff schedules, product-specific rules of origin and duty-elimination calendars are not transcribed here as a handbook.

The 23 chapters cover, among other things, national treatment and market access for goods, textiles, customs, sanitary measures, technical barriers, government procurement, investment, services, telecommunications, electronic commerce, intellectual property, labour (Chapter 17) and environment (Chapter 18). Chapter 20 establishes the Free Trade Commission, at cabinet level, to supervise implementation. Termination takes effect six months after written notification. Accession is open, in particular to Latin American countries, on agreed terms.

The Peruvian Congress ratified in the early hours of 28 June 2006. The U.S. House of Representatives approved on 8 November 2007; the Senate on 4 December 2007; the domestic U.S. statute is Public Law 110-138. The Andean talks begun in 2004 split into bilateral tracks; Peru concluded the text on 7 December 2005 after 13 rounds. The register source, a 2002 White House release, is ATPDEA, not this instrument. The official text is the USTR final text.

Cover: the Winder Building of the Office of the United States Trade Representative in Washington, the institution that signed for the American side; no claim is made to the 2006 hall. Wikimedia Commons, free licence.

Sources consulted: Peru–United States Trade Promotion Agreement; Peru TPA Final Text (USTR).