Peru Free Trade Agreement. The Peru Free Trade Agreement (H.R. 3688) is another in a series of free-trade agreements to transfer the power to regulate trade (and other powers as well) to regional arrangements. A prime example is the North American Free Trade Agreement (NAFTA). However, as noted by the House Ways and Means Committee report on H.R. 3688, the Peru Free Trade Agreement is the first U.S. FTA to include — in its core text fully enforceable commitments by the Parties to adopt, maintain, and enforce basic international labor standards, as stated in the 1988 ILO Declaration on Fundamental Principles and Rights at Work. — The ILO, or International Labor Organization, is a UN agency.
The Senate passed the Peru Free Trade Agreement on December 4, 2007 by a vote of 77-18 (Roll Call 413). We have assigned pluses to the nays because so-called free-trade arrangements threaten our national independence and harm our economy.
