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| Definition Of: |
Andean Trade Preference Act
The ATPA is a unilateral trade benefit program designed to promote economic development through private sector initiative in the four Andean countries of Bolivia, Colombia, Ecuador, and Peru. The ATPA encourages alternatives to coca cultivation and production by offering broader access to the U.S. market. The Act also seeks to stimulate investment in nontraditional sectors and to diversify the Andean countries' export base. The primary provision of the program is expanded duty-free entry into the United States. The Administration must determine each country's eligibility based on criteria set forth in the Act. Bolivia, Colombia, Ecuador, and Peru have been designated as beneficiaries. The ATPA became effective in December 1991 and is due to expire in December 2001. The Act requires periodic assessments of the impact of the trade preferences by the U.S. International Trade Commission and the U.S. Department of Labor.
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Transportation Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 2 3 4 5 6 A: Page 1 of 6.
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