Saturday, December 01, 2007
FREE TRADE?
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- 'Peru President: Will Have US Free Trade Deal Within 10 Days' (Dow Jones, Robert Kozak) "We are confident that within 10 days we will be able to deliver to Peru a trade pact subscribed by the United States," Garcia said at business conference being held in northern Peru. Garcia said that within three months, Peru expects to be close to having a free trade agreement with Canada."
- 'US Senate To Vote Next Week On Peru Trade Deal' (Reuters Doug Palmer; also Reuters in Washington Post) "Sen. Reid intends to (begin debate) on Monday," Reid spokesman Jim Manley said in an email. However, a vote on the pact is not expected before Wednesday, he said. The House voted 285-132 earlier this month to approve the agreement, which locks in Peru's duty-free access to the U.S. market while phasing out Peru's tariffs on U.S. agricultural and manufactured goods."
- 'Side issues stall action on trade agreements' (Chicago Tribune, Stephen J. Hedges) "The recent debate over the Peru agreement shows just how contentious the trade agreements can be."
- LETTER: 'NAFTA Bad For Economy' (Chico Enterprise-Record, California, Leonard Adame) "Hillary Clinton is supporting the Peru Free Trade Agreement, a pact that expands NAFTA, a product of Bill Clinton's corporate-sponsored presidency."
- 'One Laptop Per Child Orders Surge' (Boston Globe, Hiawatha Bray) "Nicholas Negroponte, the Massachusetts Institute of Technology professor who set up the foundation to provide low-cost laptops to poor schoolchildren around the globe, said in an interview yesterday that the government of Peru has signed a contract to purchase 260,000 of the $188 machines. "It was notarized five minutes ago," he said, adding that the Peruvian order will make it easier for the foundation to sign up more countries to the program. "It's momentum."
- 'Peru GDP To Continue 7% Anual Growth, Velarde Says' (Bloomberg, Alex Emery) "Increased exports of copper, zinc and fishmeal mean Peru will have an $8.5 billion trade surplus for the second straight year, [Presdient of the Central Bank Julio] Velarde told reporters at a conference in the northern coastal city of Trujillo."
- 'ScotiaBank Offers $17 Loans In Peru, Snubs US Peril' (Bloomberg, Sean B. Pasternak; with 3 photos) "Scotiabank is targeting stores in Latin America, offering loans and credit cards to clients with little or no banking history at a time when many North American banks are trying to avoid subprime and other high-risk borrowers. The Toronto-based bank says profit from countries such as Peru is growing three times as fast as at home, even as a soaring Canadian dollar threatens to cut revenue from abroad."
- 'Canadian Shield Resources up 66% after firm reports Peru drilling' (Canadian Press)
- 'Gran Tierra Starts Exploration Operations in Peru' (Gran Tierra press release) "The exploration blocks were awarded to Gran Tierra Energy in 2006. They are on the eastern side of the Maranon basin, where over one billion barrels of recoverable oil has been discovered to date."
- 'CIMPOR Acquires 80% Stake In Peruvian Cement Company' (New Europe) re: Cementos Otorongo
- OPINION: 'South America Is Sliding Into Dictatorship' (Telegraph, Daniel Hannan) "Ten years ago, every country in South America, with the arguable exception of my native Peru, was a liberal democracy. Not any more." NOTE: "Daniel Hannan is Conservative MEP for South East England." See Hannan's Wikipedia entry;
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