Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Trade tensions between Peru and U.S. rise

|
|
 
  
Published: March. 13, 2004 at 1:02 PM
Advertisement

LIMA, March 13 (UPI) -- Tensions over trade between Peru and the United States have broken into public view with comments by Peru's foreign trade minister.

U.S. officials have insisted Peru resolve a handful of legal disputes involving U.S. companies before free-trade treaty talks between the two nations can begin, the Latin American Post reported Saturday. But Peru's foreign trade minister rejected that demand.

"These conflicts cannot mark the bilateral and commercial agenda of Peru and the United States," Carlos Ferrero said.

The cases involve about 12 of some 450 U.S. companies doing business in Peru, Ferrero said.

Earlier this week, U.S. Ambassador Curtis Struble told a Peruvian congressional committee if the disputes are not soon resolved, Peru could lose its spot among Andean nations slated to begin free-trade talks with the United States.

Ferrero said Peru hopes to enter into free-trade talks in May, alongside Colombia, warning a derailment now would probably set negotiations back two or three years.

Some 27 percent of Peruvian exports go to the United States.

Topics: Carlos Ferrero
© 2004 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Protesters, police clash at NATO summit Notable deaths of 2012 2012 Billboard Music Awards
The 137th Preakness Stakes Annual Solar eclipse occurs in U.S. Chen Guangcheng arrives in the U.S.
Additional Business News Stories
1 of 25
Protests at the 2012 NATO Summit in Chicago
View Caption
fark
Theme : Create a Fark doodle
Leftist candidate for Mexican congress gives voters 2 reasons to support her
Hollywood loves sequels: MPAA to push SOPA follow-up in 2013
Someone spent $18,000 on Queen Elizabeth's panties. Her used panties
Nearly 1 in 4 teens have diabetes, awesome lunches
Waitress forgets to hit the virgin button, serves daiquiris to a pair of four-year-olds. Well, it's...