U.S.- Peru Trade Promotion Agreement

Supporting Democracy, Economic Reform and Regional Integration

Like the ATPA, the U.S.-Peru TPA promotes close cooperation between the United States and Peru on a number of important regional issues such as counter-narcotics, economic development and support for democracy.  During the past decade Peru has implemented economic reforms to promote privatization, competition and open markets.  The United States supported this transition to democratic institutions, enhanced economic growth, and security for human rights through a number of programs including the ATPA.

Peru is strongly committed to democracy and is an important pillar of democratic strength in a region with growing instability.  Peru is a strong partner in counter narcotics efforts and an improved economic relationship will further efforts to slow the illicit drug trade.  The U.S.-Peru TPA commits Peru to adopt more open and transparent procedures that should deepen the roots of democracy, civil society, and the rule of law in the region, as well as reinforce market reforms.  These reforms, coupled with increased trade and investment flows, should promote expanded growth and openness in the region, as well as support common efforts to achieve stronger labor and environmental protection.