Course summary United States - Peru Trade Promotion Agreement (TPA):
The United States - Peru International trade Promotion
Agreement (TPA) entered into force in 2009.
As a result of the entry into force of the United States Peru Free trade agreement, 80% of United States industrial and consumer export products enter duty-free
in the Republic of Peru. Nevertheless, a value-added tax of 18% applied to
virtually all products entering Peru results in moderately
higher prices for many products in comparison to
those prevailing in the United States.
The United States - Peru Trade Promotion Agreement (TPA) eliminates tariffs and removes barriers to United States services, provides a
secure legal framework for investors (FDI), and strengthens protection
for intellectual property (IPR), workers, and the environment.
International trade US PERU.
The foreign trade of the United States with the Republic of was 8.8 billion USD in 2009, with United States products exports to
the Republic of Peru at 4.8 billion USD.
United States exports to Peru grew 37% in 2010. Main United States exports to
the Republic of Peru in 2010 were: machinery, chemicals, computer, electronics, petroleum,
oil products, transportation equipment, Fish, forestry
products, wood,
newspapers, books and food products.
Exports of
products of the Republic of Peru reached 35.1 billion USD (2010).
Peru and United States are members of APEC.
Example of the course United States - Peru Trade Promotion
Agreement (TPA):
Master in International business for US Students
Source: The Office of the US Trade Representative (USTR)
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