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 U.S. industrial and consumer export products enter duty-free in the Republic of Peru;
Nevertheless, a value-added tax of 18% applied to virtually all the products entering
to 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:
Eliminates the tariffs and removes the Technical Barriers to the U.S. services;
Strengthens the intellectual Property Protection (IPP), workers, and environment.
International Trade United States-Peru.
Foreign Trade of the United States with Peru was 8.8 billion dollars; the United States exported products to the Republic of Peru at 4.8 billion dollars;
U.S. exports to Peru grew 37%;
The main United States exports to the Republic of Peru were: machinery,
chemicals, computer, electronics, petroleum, petroleum products, transport equipment, fish, forestry products, wood, newspapers, books, and food products;
Exports of
products of the Republic of Peru reached 35.1 billion dollars.