Peru Trade Promotion Agreement

The United States and Peru signed the United States-Peru Trade Promotion Agreement (PTPA) on April 12, 2006. The Peruvian Congress ratified the Agreement in June 2006 and a Protocol of Amendment in June 2007. On December 14, 2007, the United States-Peru Trade Promotion Agreement Implementation Act became law, and the PTPA entered into force on February 1, 2009.

The United States’ two-way trade with Peru was $8.8 billion in 2009, with U.S. goods exports to Peru at $4.8 billion.

The PTPA eliminates tariffs and removes barriers to U.S. services, provides a secure, predictable legal framework for investors, and strengthens protection for intellectual property, workers, and the environment. The PTPA is the first agreement in force that incorporates groundbreaking provisions concerning the protection of the environment and labor rights that were included as part of the Bipartisan Agreement on Trade Policy developed by Congressional leaders on May 10, 2007.

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
Final Environmental Review 11/01/07
Labor Reports
Joint Statement of the First U.S.-Peru FTA Free Trade Commission Meeting
Joint Statement of the Second U.S.-Peru FTA Free Trade Commission Meeting

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