Peru Trade Promotion Agreement

The United States and Peru signed the United States-Peru Trade Promotion Agreement (PTPA) on April 12, 2006. Peru's Congress ratified the Agreement in June 2006 and a protocol of amendment in June 2007.

On December 14, 2007, President Bush signed into law the PTPA Implementation Act which approved the PTPA. The PTPA entered into force on February 1, 2009. The PTPA is a comprehensive free trade agreement.

The PTPA will result in significant liberalization of trade in goods and services between the United States and Peru. Under the PTPA, Peru immediately eliminated most of its tariffs on U.S. exports, with all remaining tariffs phased out over defined time periods.

The PTPA also includes important disciplines relating to: customs administration and trade facilitation, technical barriers to trade, government procurement, services, investment, telecommunications, electronic commerce, intellectual property rights, and labor and environmental protection

Summaries and Text

Brief Summary of the Peru Trade Promotion Agreement
Detailed Summary of the Peru Trade Promotion Agreement
Full Text of the Agreement (English)
Full Text of the Agreement (Spanish)

Reports on the Agreement

ITC Report
Interim Environmental Review
Labor Reports

Specific Issues

Real Results on Labor Rights
PTPA: Benefiting the Environment through Improved Forest Sector Governance
Significant Intellectual Property Rights (IPR) Improvements
U.S.-Peru TPA Protects U.S. Ports
May 10 Bipartisan Agreement