Regional Cumulation, Rules of Origin Among Topics at U.S.-Peru Meeting
The third annual meeting of the U.S.-Peru Free Trade Commission, which oversees the implementation and further elaboration of the U.S.-Peru FTA, took place June 6 in Washington, D.C. A joint communique issued after this meeting notes that under the FTA U.S. exports to Peru have increased by 90% over the past three years while U.S. imports from Peru have increased by 52%. The communique also details the following results of the meeting.
- Topics of discussion included Peru’s regulations on trade in remanufactured goods; Peru’s government-to-government procurement arrangements; Peru’s interest in regional cumulation with Colombia; Peru’s entrance into the Standards Alliance, a capacity-building initiative of the U.S. in the Committee on Technical Barriers to Trade at the World Trade Organization; Peru’s interest in further engagement regarding implementation requirements associated with the Foreign Account Tax Compliance Act; Peru’s laws on promoting healthy eating among children and promoting non-traditional exports; and the protection of encrypted program-carrying satellite signals in Peru.
- The parties agreed to modify the product-specific rules of origin and tariff elimination schedules to conform to changes to the Harmonized System in 2007 and 2012 and the Commission asked that this work be completed by July.
- The two sides agreed to intensify work to ensure the effective implementation of and compliance with their obligations under the FTA concerning trade in goods and services, labor and environment.
- The Working Group on Intellectual Property, the Forest Sector Sub- Committee, the Environmental Affairs Council, the Environmental Cooperation Commission and the Standing Committee on Sanitary and Phytosanitary Measures have held meetings recently and the Commission agreed to consider asking additional groups to meet in the coming year, including the Committee on Textiles and Apparel Trade Matters, the Technical Barriers to Trade Committee, the Labor Affairs Council and the Subcommittee on Small and Medium Enterprises.
- Peru is developing two implementing regulations for its forestry and wildlife law as part of an effort to implement the FTA’s annex on forest sector governance.
- The two sides committed to finalizing in the near future the establishment of a secretariat for submissions on environmental enforcement matters.
- A decision to add the state of Delaware to the FTA’s government procurement chapter was signed.
- The Commission agreed to instruct legal groups to finalize their work on the dispute settlement chapter by the end of the year.