Under the US-Peru Trade Promotion Agreement (TPA), U.S. exports of consumer goods and industrial goods to Peru are no longer subject to tariffs. For agricultural products, tariffs on nearly 90% of U.S. exports have been eliminated and the remaining tariffs will be eliminated by 2026. The TPA also provides favorable access to U.S. service providers, as well as guarantees for the protection of U.S. investors and copyrights, trademarks and patents registered in Peru. In addition, Peru has opened important public procurement contracts for U.S. bidders. The PTPA is the first existing agreement that contains innovative environmental and worker rights provisions contained in the multi-party trade policy agreement developed by congressional leaders on May 10, 2007.
Since 2009, total trade between the United States and Peru has increased from nearly $9 billion to $15.9 billion in 2017. In addition to the aforementioned rules of origin, there may be other ways to qualify your product: the Peru Trade Promotion Agreement (PETPA, sometimes referred to as the Peru Free Trade Agreement) came into force on February 1, 2009. Currently, the vast majority of Peruvian products arrive in the United States duty-free and free of charge and will almost all arrive in the United States free of charge until the full implementation of the agreement in 2025. For products that are not fully purchased, you must follow the product`s original rule, usually due to a tariff lag or regional value content. Learn more about how to read and enforce FREI trade agreements. The rules of origin are contained in the final text of the free trade agreement. A specific rule of origin can sometimes be revised. You`ll find the latest version of ROC in the U.S. Harmonized Tariff Plan, General Notes — General Note 32.
No specific certificate is required for the TPA between the United States and Peru. They may be invited by the Peruvian importer or customs authority to provide information in support of a request for preferential treatment. For more information on what is expected to be contained, please see the certificate-of-origin free trade agreements. If you have completed a certificate of origin but cannot prove the original character of the goods, you must inform all recipients of this certificate and the export country. The importer strongly needs the assistance and cooperation of its U.S. suppliers to establish accurate and well-documented declarations of origin. It is the responsibility of the Peruvian importer to apply for preferential rights for qualified products. However, the Peruvian importer, customs broker or customs service may ask the exporter or producer to provide a written or electronic certificate or other information in support of the importer`s debt.