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The Andean Trade Preferences Act, adopted in 1991, provides duty-free access to U.S. markets for some 5,600 products from the four eligible countries of Bolivia, Colombia, Ecuador and Peru. The Trade Act of 2002 renewed the ATPA program and extended new benefits to 700 additional products under the Andean Trade Promotion and Drug Eradication Act until December 2006. The ATPDEA requires that each country must meet all the ATPA intellectual property rights criteria as well as the ATPDEA’s explicit TRIPS-or-greater criteria and willingness to participate in FTAA negotiations in order to be designated an ATPDEA eligible country. The December 2006 Trade Bill granted a six-month extension for Peru, Colombia, Ecuador, and Bolivia (followed by an additional six-month extension for each country only if the United States and that country both complete their legislative process to approve a trade promotion agreement). Congress agreed to extend the ATPA program for all four countries for an additional eight months, until February 29, 2008, and another 10-month extension has been passed, keeping this trade program authorized through December 30, 2008. |
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