Andean Trade Preference Act

The Andean Trade Preference Act (ATPA) is a U.S. law enacted in 1991 that provides trade benefits to countries in the Andean region of South America, such as Bolivia, Colombia, Ecuador, and Peru. It allows these countries to export certain products to the U.S. duty-free, encouraging economic growth and helping reduce poverty. In return, these nations commit to implementing policies that promote sustainable development and democratic governance. The act aims to strengthen economic ties, boost exports, and support social development in the participating countries while offering U.S. consumers access to diverse goods at lower costs.