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Peru Trade Deal Will Generate $705 Million for Agriculture

09/11/07

Permalink 04:04:50 pm, by Chris Chinn   English (US)
Categories: Young Farmers and Ranchers

Peru Trade Deal Will Generate $705 Million for Agriculture

American farmers are currently at a disadvantage in Peru and Colombia because U.S. products entering these countries receive tariffs, while the products they ship to the U.S. are duty free.

A pending trade agreement with Peru would increase the value of U.S. farm exports by more than $705 million per year after full implementation if Congress approves the deal.

South Carolina Farm Bureau President David Winkles testified before the Senate Finance Committee about the trade agreement’s potential for improving U.S. farmers’ and ranchers’ bottom lines. “This agreement requires the elimination of all tariffs on all agricultural products exported by the United States to Peru,” Winkles said.

Winkles urged Senate Finance Committee members and the full Senate to take prompt action on agreements with Peru, Colombia and Panama. If passed, these three agreements would increase U.S. agricultural exports by almost $1.5 billion per year once the agreements are fully implemented.

Please urge members of Congress to commit to U.S. Agriculture Trade and pass the Peru Trade Deal promptly.

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