Tuesday, December 04, 2007

Trade agreement with Peru approved

The US Congress has approved a trade agreement with Peru. People in both countries will benefit. Trade allows the best allocation of resources - material, human and financial - which allows more production of higher quality goods and services. NY Times
Also as happened in the House, Democratic supporters said they were comfortable with the deal because the House speaker, Nancy Pelosi, negotiated concessions from President Bush in May extending protections for workers and the environment in Peru. Democratic supporters also said that the deal opened up markets for American exports. Other Democrats, and many Republicans, argued that it was important to shore up relations with a crucial ally in Latin America, especially to lure them away from the socialist anti-American leadership of President Hugo Chávez of Venezuela.

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