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Division
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PO Box 7970
Madison, WI 53707-7970
USA
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Vol.
8 #4, March 2009
U.S.-Peru Trade Agreement Takes Effect
The U.S.-Peru Trade Promotion Agreement went into effect on February 1,
2009. In order to receive preferential treatment under the
agreement, U.S. and Peruvian goods must qualify as originating as
defined by the Rules of Origin section of the Agreement (Annex 4.1).
The Rules of Origin for the U.S.- Peru Trade Promotion Agreement are
similar, but not identical, to rules of origin found in the North
American Free Trade Agreement (NAFTA), the U.S.-Chile Free Trade
Agreement, and the Central American-Dominican Republic-United States
Free Trade Agreement (CAFTA-DR). Click here for a .pdf version of the Rules of Origin for the U.S.-Peru Free Trade Agreement.
The U.S.-Peru Free Trade Agreement was signed on April 12, 2006.
It was approved by the U.S. House of Representatives on November 8,
2007 and by the U.S. Senate on December 4, 2007. President Bush
signed the legislation implementing the Agreement on December 14, 2007.
Peru's Congress had to pass modifications to earlier legislation on
trade, health and the environment, in order to conform to and implement
the terms of the free trade agreement.
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