FOR IMMEDIATE RELEASE
Thursday, November 8, 2007
Contact: Anne Lupardus
Rep. Kind Statement on Passage of United States-Peru Free Trade Agreement
Washington, D.C. - U.S. Rep. Ron Kind (D-WI) made the following statement on the passage of H.R. 3688, the United States-Peru Trade Promotion Agreement Implementation Act.
"This truly is a new day for trade policy in the United States. The Peru trade agreement for the first time enacts strong and enforceable labor and environmental standards - long-standing Democratic demands - establishing a new template for any future agreements. In my capacity as a member of the House Ways and Means Committee, which is responsible for overseeing trade agreements, I was proud of the bipartisan support it received in today's vote.
"I have long believed that when instituted correctly and fairly, trade agreements open up new markets to U.S. goods, create opportunities for companies and their employees, and lift the standard of living for people in the country with whom we are trading. Furthermore, if we are to compete in this 21st century global economy, the U.S. cannot not shy away from opportunities to guide and expand global trade.
"Right now, 98 percent of Peru's exports come to the U.S. duty-free, while many U.S. exports to Peru are met with tariffs as high as 30 percent. By eliminating tariffs on our exports, the agreement makes our trade with Peru fairer, and offers tremendous opportunities for Wisconsin's businesses and farmers. It is estimated that this agreement will increase U.S. exports to Peru by 25 percent.
"I want to thank Chairman Rangel for his leadership in achieving this new direction for trade. I look forward to pursuing future trade agreements that, like this one, are balanced and fair for American workers and companies as well as for the nations we seek to engage."