Agreement sees U.S.-Peru trade double since 2009
The U.S.-Peru Trade Promotion Agreement, implemented in 2009, has seen two-way trade nearly double f…The U.S.-Peru Trade Promotion Agreement, implemented in 2009, has seen two-way trade nearly double from $9 billion to $16 billion in 2014
The United States and Peru have enjoyed diplomatic relations since its independence from Spain in 1827, but trade relations have significantly strengthened since the countries entered into the US-Peru Trade Promotion Agreement in 2009, which saw two-way trade nearly double from $9 billion to $16 billion in 2014.
In the last three years U.S. exports to Peru have increased by 90% while imports from Peru are up by 52%. The United States is Peru’s second largest export market and primary supplier of imports. Peru was the United States’ 32nd largest goods export market in 2012, up from 36th in 2009.