Financial Times FT.com

US to extend low tariff regime for Andean nations

By Hal Weitzman in Lima

Published: December 9 2006 02:00 | Last updated: December 9 2006 02:00

The US Congress was yesterday expected to extend a low-tariff regime for four Andean countries, giving them six months to secure permanent bilateral trade deals with Washington.

The Bush administration had proposed a year-long extension of the Andean Trade Promotion and Drug Eradication Act (ATPDEA) - a package of trade preferences for Colombia, Peru, Ecuador and Bolivia which had been due to expire at the end of the month.

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