The FTA with the United States was negotiated beginning in May of 2004 under the government of Alejandro Toledo (2000-2005). The treaty was slated to replace the Andean Trade Promotion and Drug Eradication Act signed in 2002 and in effect until December of 2006. The FTA eliminated obstacles to trade and facilitated access to goods and services and investment flows. Modeled on the North American free Trade Agreement, it also includes a broad range of issues linked to intellectual property, public contracting and services, and dispute resolution.5
