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United States-Peru Trade Promotion Agreement Implementation Act -- Continued

Floor Speech

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Date:
Location: Washington, DC


UNITED STATES-PERU TRADE PROMOTION AGREEMENT IMPLEMENTATION ACT--Continued -- (Senate - December 04, 2007)

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Mr. KOHL. Mr. President, when voters gave Democrats control of Congress, they wanted a new direction on trade policy. They wanted trade agreements that would hold our trading partners to the same labor and environmental standards expected of U.S. companies. And they wanted trade agreements that would level the playing field for U.S. businesses. Democrats listened.

I am supporting the Peru FTA because it is a new model for trade agreements that includes enforceable labor and environmental protections. For the first time, the U.S. will have the right to hold a trading partner accountable if labor or environmental issues become a problem.

The Peru FTA benefits Wisconsin companies and workers. Wisconsin exports to Peru have increased from $9.3 million in 2002 to $43.5 million in 2006. This agreement will help trade between the U.S. and Peru flourish and keep businesses and jobs in Wisconsin, something I couldn't say about several previous trade agreements. Further, the Peru FTA eliminates the current 10 percent tariff on U.S. goods entering Peru. This will remove barriers to Wisconsin exports and make Wisconsin businesses even more competitive.

The Peru FTA is the first step in a new direction for trade policy that will enforce labor and environmental standards and help U.S. businesses gain access to new markets.

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