U.s.-peru Trade Promotion Agreement Sample Contracts

Paper and Paper Products
u.s.-peru Trade Promotion Agreement • March 4th, 2010

Paper and paper products accounted for 2.9 percent of total U.S industrial exports to Peru in 2004, totaling $42 million. The top U.S. exports in this sector included graphics paper and paperboard, chemical woodpulp, kraftliner, and newsprint. Peruvian tariffs range between 4 and 12 percent, with an average of 9.7 percent in 2004.

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Information Technology Agreement Products
u.s.-peru Trade Promotion Agreement • March 4th, 2010

ITA products accounted for 15.6 percent of total U.S industrial exports to Peru in 2004, totaling over $223 million. The top U.S. exports in this sector included computers, computer parts, and radio and TV broadcasting apparatus. Peruvian tariffs range between zero and 12 percent, with an average of 5.8 percent in 2004.

Updated January 26, 2009
u.s.-peru Trade Promotion Agreement • June 13th, 2019

The U.S.-Peru Trade Promotion Agreement (PTPA) is a comprehensive trade agreement that, upon implementation, eliminates tariffs and other barriers in goods and services between the United States and Peru. The agreement was signed on April 12, 2006 by the U.S. Trade

Contract
Us-Peru Trade Promotion Agreement • August 19th, 2015

Provision PERU (PTPA) GENERAL INFO & DATES Agreement Name US-Peru Trade Promotion Agreement Implementation Date February 1, 2009 Expiration None Duty Phase-Out January 1, 2025 (17 years) Annex 2.3 Merchandise Processing Fee (MPF) Exempt for Originating Goods 19 CFR 24.23 ( c ) (12) Imported Directly May NOT leave customs’ control nor undergo further production in a 3rd country; 19 CFR 10.925, GN 32(c)(iii) Primary Responsibility for Compliance Importer CITATIONS HTS General Note (GN) GN 32 US Code 19 USC 3805 note CFR 19 CFR 10.901-934 (Subpart Q) Marking Rules 19 CFR 134 Special Program Indicator “PE" Verification Authority Annex 4.8; 19 CFR 10.926

Transportation Equipment
u.s.-peru Trade Promotion Agreement • March 4th, 2010

Transportation equipment accounted for less than 1 percent of U.S. exports to Peru in 2004, totaling $1.6 million. The top U.S. exports in this sector were trailers and semi-trailers, truck axels, and railway parts. Peruvian tariffs range between zero and 12 percent with an average of

Medical Equipment
u.s.-peru Trade Promotion Agreement • March 4th, 2010

Medical equipment accounted for 1.6 percent of total U.S industrial exports to Peru in 2004, totaling $22.7 million. The top U.S. exports in this sector included instrument parts, electro- diagnostic apparatus, reagents, and ultrasounds. Peruvian tariffs range between 4 and 12 percent, with an average of 6.7 percent in 2004.

• Negotiations completed – 2005 • Agreement signed – 2006
u.s.-peru Trade Promotion Agreement • May 5th, 2020
Footwear and Leather Products
u.s.-peru Trade Promotion Agreement • March 4th, 2010

Footwear and leather products accounted for less than 1 percent of total U.S. industrial exports to Peru in 2004, totaling less than $1 million. The top U.S. exports in this sector were trunks, suitcases, and container boxes and bags. Peruvian tariffs range between 12 and 20 percent with an average of 17.3 percent in 2004.

Agricultural Equipment
u.s.-peru Trade Promotion Agreement • March 4th, 2010

Agricultural equipment accounted for 1.3 percent of total U.S industrial exports to Peru in 2004, totaling $18 million. The top U.S. exports in this sector included tractors, dairy machinery, harvesters, and mowers. Peruvian tariffs range between zero and 12 percent, with an average of 4.5 percent in 2004.

Chemicals
u.s.-peru Trade Promotion Agreement • May 5th, 2020

This sector is defined by the Chemical Harmonization and Pharmaceutical Uruguay Round sector agreements in the World Trade Organization.

Chemicals
u.s.-peru Trade Promotion Agreement • March 4th, 2010

This sector is defined by the Chemical Harmonization and Pharmaceutical Uruguay Round sector agreements. Chemicals accounted for 28 percent of total U.S. exports to Peru in 2004, totaling $400 million. The top U.S. exports in this sector were polyethylene, lubricating oil additives, and acrylic polymers. Peruvian tariffs range between zero and 12 percent with an average of 7.1 percent in 2004.

Industrial Goods
u.s.-peru Trade Promotion Agreement • March 4th, 2010

The category of industrial products includes all products subject to neither the WTO Agreement on Agriculture or the Agreement on Textiles and Clothing. Industrial goods represented approximately 80 percent of total U.S. exports to Peru in 2004, totaling over $1.4 billion. U.S. industrial exports to Peru are greatest in the information technology, chemicals, infrastructure and machinery, and construction equipment sectors.

September 2009
u.s.-peru Trade Promotion Agreement • September 30th, 2009

On April 12, 2006, the United States and Peru signed the U.S.-Peru Trade Promotion Agreement (PTPA). The PTPA achieves two key objectives: it makes agricultural trade more of a two-way street, and it levels the playing field with U.S. competitors in the Peruvian market.

Fish and Fish Products
u.s.-peru Trade Promotion Agreement • March 4th, 2010

Fish and fish products accounted for less than 1 percent of total U.S. exports to Peru in 2004, totaling less than $1 million. The top U.S. exports in this sector were live fish, sardines, and trout. Peruvian tariffs range between 4 and 12 percent with an average of 11.9 percent in 2004.

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