Describes trade agreements this country is a party to. Includes resources where U.S. companies can get information on how to take advantage of these agreements.
Peru is well integrated in the global economy through its multiple free trade agreements, including the United States-Peru Trade Promotion Agreement (PTPA), which entered into force in February 2009. In 2019, trade of goods between the United States and Peru totaled $15.8 billion, up from $9.1 billion in 2009, the year the PTPA entered into force. From 2009 to 2019, Peruvian exports of goods to the U.S. jumped from $4.2 billion to $6.1 billion (a 45 percent increase) while U.S. exports of goods to Peru jumped from $4.9 billion to $9.6 billion (a 96 percent increase). The United States also enjoys a favorable trade balance in services; exports of services in 2019 to Peru amounted to $3.5 billion and contributed to a $1.3 billion services surplus the same year.