Sub-subject: Andean Trade Promotion and Drug Eradication Act (The United States ATPDEA). Syllabus:
IMPORTANT NOTE: ATPDEA expired on July 2013, and has been replaced by the FTAs:
1- United States-Colombia FTA Agreement
2- United States-Peru FTA
- Andean Trade Promotion and Drug Eradication Act (ATPDEA)
- United States foreign trade with Bolivia, Colombia, Ecuador, and Peru.
Sample of the sub-subject: US-Andean Countries
Sub-Subject Description: the United States-The Andean Trade Promotion and Drug
Eradication Act (ATPDEA).
Andean Trade Preference Act (ATPA) was signed in 1991, to help the Andean Community countries (Bolivia, Colombia, Ecuador, and Peru) in their fight against drug production and trafficking by
expanding their economic alternatives and improve international trade.
Andean Trade Promotion and Drug Eradication Act (signed in 2002), renewed and amended the Andean Trade Preference Act to provide duty free treatment for some export products previously excluded under the Andean Trade Preference Act.
United States trade with Bolivia, the Republic of Colombia, Ecuador, and Peru fell substantially.
United States imports from the Andean countries fell 26% to 21 billion dollars, and the United States exports fell 14% to 17.1 billion dollars, resulting
in a trade deficit of 4 billion dollars. Over the past five years, the United States imports from
the Andean region augmented 37% and the United States exports grew 123%.
The Republic of Colombia was the leading source of the United States imports under the Andean Trade Preference Act., having surpassed Ecuador The Republic of Colombia supplied 58% of the United States imports under Andean Trade Preference Act.; Ecuador, 28%; and Peru, 14%.
The Republic of Colombia was the largest export market for the United States exports at 8.8 billion dollars, representing 51% of the United States exports to the Andean countries.
Peru ranked second as a destination for United States exports, with 4.4 billion dollars in US
products (26%); Ecuador was third, with 3.6 billion dollars; and Bolivia was fourth, with 378 million dollars. The United States exports to the Republic of Colombia and Peru fell 17% and 23%, respectively, but exports to Ecuador and Bolivia achieved 14% and 5%, respectively.
Andean Trade Promotion and Drug Eradication Act (ATPDEA) was an Agreement inside the area of the Western Christian Civilisation (North American - Latin American).