As one free-trade deal moves forward, another looks stalled

Nov 05, 2007 | 07:10 AM | Rory Carroll

A free-trade agreement between the United States and Peru received a critical boost when it passed out of the House Ways and Means Committee unanimously.

It is the first bilateral trade agreement to incorporate standards on labor and the environment, something Democrats had said were necessary for it to move forward.

"The inclusion of core standards for labor and important environmental protections, including an historic agreement on logging and greater access to life-saving medicines, represent the culmination of a decade-long effort to incorporate these principles into the text of U.S. trade agreements," committee chairman Rep. Charles B. Rangel (D., N.Y.) said.....





Latest Pricing Trends

Poll

What is causing the most weakness to the U.S. metals industry?

Imports
Stagnant non-residential construction demand
Sequestration and government cuts
Global uncertainty, particularly in Europe
Too many suppliers chasing too few orders


View previous results

AMM Events