The United States-Peru Trade Promotion Agreement: What Did You Expect?

29 Pages Posted: 7 Nov 2009

Date Written: November 6, 2009

Abstract

Bilateral free trade agreements have generally been analyzed as instances of preferential reciprocal tariff liberalization. Viewed through this lens, such agreements raise concerns both about new competition and about trade diversion. The United States-Peru Trade Promotion Agreement, an example of a serious North-South accord, demonstrates that new market access was not a principal Peruvian goal in the trade negotiations. Instead, the agreement was intended to encourage investment by locking in Peru’s economic reforms. This motivation has very different implications for the global trading system than a quest for preferential access.

Keywords: trade, integration, democracy

Suggested Citation

Levy, Philip I., The United States-Peru Trade Promotion Agreement: What Did You Expect? (November 6, 2009). Available at SSRN: https://ssrn.com/abstract=1501243 or http://dx.doi.org/10.2139/ssrn.1501243

Philip I. Levy (Contact Author)

Northwestern Kellogg School of Management ( email )

2001 Sheridan Road
Evanston, IL 60208
United States

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