Israel Ruiz The free trade agreement between Peru and the United States, which officially goes into effect on February 1, will eliminate taxes on 6,289 Peruvian products that enter the U.S.
"About 98 percent of Peruvian exports to the United States will enter tariff free," confirmed Peru’s Trade Minister, Mercedes Araoz.
Furthermore, she explained that duties had been lifted on 90 percent of the products sent from the U.S. to the Andean country. "This is a very high percent for Peru," said the trade minister.
The head of MINCETUR stated this new free trade deal consolidated the benefits provided by the Andean Trade Promotion and Drug Eradication Act (ATPDEA).
This agreement also allows Peruvians to export products such as ham, sausage, evaporated milk, cheese and sugar to the U.S. said Araoz, products which are not included in the ATPDEA
Import duties on machinery and equipment from the U.S. along with vehicles over 3,000cc such as buses and trucks will be completely eliminated said Araoz, explaining that tariffs on smaller vehicles would be done away with over the next five years.
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