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Peru's Toledo Supports Miami as Site of Future FTAA Headquarters

Peruvian President Alejandro Toledo says he would support Miami as the permanent headquarters of a proposed Free Trade Area of the Americas.

President Toledo made the comment Thursday in Lima at a joint news conference with Florida Governor Jeb Bush. The governor has been leading a business delegation to Peru and Ecuador to promote trade and investment and lobby support for Miami to be the home of an F.T.A.A. Secretariat.

His brother, President Bush, has been pushing for a hemispheric free trade agreement, but several large South American countries oppose the move.

The governor's trip to South America comes one month after Peru and the United States reached a free trade agreement after 18 months of negotiations. The United States is also trying to negotiate a similar deal with Ecuador and Colombia.