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Andean Nations signed the Andean Trade Preference and Drug Eradication Act (ATPDEA), which replaced the expired Andean Trade Preferences Act (ATPA).
CENTERFORSECURITYPOLICY: The Importance of Ratifying Free Trade Agreements
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The ATPDEA was enacted by President Bush on August 6th 2002, granting Bolivia , Colombia , Ecuador and Peru preferential tariff treatment for specific products.
CENTERFORSECURITYPOLICY: The Importance of Ratifying Free Trade Agreements
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Bogota and Lima are eager to ratify the FTA's with the US since the ATPDEA, although a step forward, still forces exporters to cover the full costs of the tariffs which, in many cases, is a much too heavy burden for some businesses.
CENTERFORSECURITYPOLICY: The Importance of Ratifying Free Trade Agreements
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Correa's decision to offer the Manta Base to China, refusing to renew the lease to the United States while hypocritically seeking to renew preferential trade privileges under the Andean Trade Promotion and Drug Eradication Act, or ATPDEA, ought to make the US reject the trade agreement with Quito.
CENTERFORSECURITYPOLICY: China displaces the U.S. at Ecuador's Manta Base