FTA Sparks Protests

November 2007 | Ratings Update

The passing of the free trade agreement (FTA) with the US on November 8 was met with a huge national protest by Confederación General de Trabajadores de Perú (CGTP), the country's largest trade union group. Protesters demonstrated their opposition to the deal and demanded an increase in salaries and pensions and a reduction in the cost of living. While Peru is experiencing a period of rapid economic expansion and is relatively stable politically, poor scores in the income distribution and poverty categories in our long-term political risk ratings weighs heavily on the overall

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