IN THE TEXTILE INDUSTRY EXPECTS PERU TRADE NEGOTIATIONS WITH U.S.
Textile industry in Peru is under threat of losing its biggest market, as the next round of negotiations between Peru and the United States ended in failure, as the head of the government delegation to Peru. Unsuccessful attempts to sign the agreement will lead to the fact that the Peruvian weavers, who represent a rapidly growing market of textile industry in the country will be unable to compete with cheap Chinese textiles to the U.S. market. Recall that since the abolition of quotas January 1, 2005, China increased textile exports to the United States four times.
Peru#39;s textile exports increased sharply, as it is the third important source of budget income countries, one third of which is exported textile products to the United States. This country is a major trading partner of Peru. The provisions of the treaty to replace the Free the US - Infernal Pact, comprising trade benefits provided in case the country is fighting against drug trafficking, in accordance with the terms of the pact were eliminated import duties on most textiles. The validity of these benefits ends at the 2006 Joint negotiations between Peru, Ecuador, Colombia and the United States, who are constantly held since May 2004, will be held this year in Quito and in Washington in June.
The Peruvian government has asked the Congress of his country to prepare for the ratification of the treaty in July of this year.
