It is a program of unilateral trade granted by the Government of the United States to Bolivia, Colombia, Ecuador and Peru. By this law, trade preferences granted by the ATPA which expired on December 4, 2001 are renewed and extended.

This law is directed to increase the marketing activity between the beneficiary countries and the United States, and generate employment and investment, in order to strengthen Andean economy, offering greater access to diverse products of the region to the American market. Another objective is to promote social, economic, and political stability in this sub-region, with the purpose of defining and implementing viable alternatives of development, to be sustainable in the long term. As different form ATPA, this new law implies a greater accessibility to textile and leather manufacturing products.

Tariff preferences reach to an average of 6,500 products and expire on December 31, 2006.