The Minister of Foreign Trade and Tourism, Elizabeth Galdo, reported that, since the entry into force of the Peru-United States Trade Promotion Agreement, Peruvian exports to that country have almost doubled, from US$4.7 billion recorded in 2009 to more than US$9.1 billion recorded in 2023.
During a ceremony commemorating the signing of the Agreement, the head of Mincetur highlighted that exports to the United States have reached US$101 billion in total over the past 15 years, of which 51% correspond to non-traditional exports.
“We have witnessed a 91% growth in Peruvian exports to the US market,” Galdo said.
In turn, the U.S. ambassador to Peru, Stephanie Syptak-Ramnath, highlighted that the agreement has generated “impressive growth” because it has provided breadth and quality in the commercial relationship, as well as added value that has “resulted in the creation of thousands of jobs.”
“Exports to the U.S. create more than 1 million jobs. The most impressive commercial growth is that of agricultural exports. The United States Government, together with Peru, will continue working to promote the prosperity of our countries,” said the official.
What is the Peru-United States Trade Promotion Agreement?
He Peru – United States Trade Promotion Agreement It was signed in Washington DC on April 12, 2006 and entered into force on February 1, 2009. This trade agreement has been beneficial for the economic development of Peru, and became a reference for subsequent international trade negotiations.
During the 15 years of the agreement, more than 9,254 Peruvian companies have entered the US market for the first time. In 2023 alone, almost 3,000 Peruvian companies exported to the US, of which 63% were MSMEs.
By 2023, the North American nation continued to position itself as Peru’s second largest trading partner worldwide, with a total trade value of more than US$19 billion, representing 17% of Peru’s trade with the world.
In 2023, the main products exported to that market included blueberries (US$967 million), grapes (US$841 million), asparagus (US$288 million); gold (US$941 million), copper (US$726 million); cotton clothing (US$525 million), among others.
The data
- The event was aimed at the business sector and was attended by the United States Ambassador to Peru, Stephanie Syptak-Ramnath; the Secretary General of the Ministry of Foreign Affairs, Ambassador Eric Anderson; the Vice Minister of Foreign Trade, Teresa Mera; the Executive Director of AMCHAM, Aldo Defilippi, as well as representatives of the main export associations to the United States and other Peruvian and American authorities.
Source: Larepublica
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