The United States–Peru Trade Promotion Agreement (PETPA) entered into force on February 1, 2009. The PETPA eliminates tariffs and removes barriers to U.S. services, provides a secure, predictable legal framework for investors, and strengthens protection for intellectual property, workers, and the environment.
The PTPA is the first agreement in force that incorporates groundbreaking provisions concerning the protection of the environment and labor rights that were included as part of the Bipartisan Agreement on Trade Policy developed by Congressional leaders on May 10, 2007. Since 2009, total trade between the United States and Peru has risen from close to $9 billion to $15.9 billion in 2017.
It is the responsibility of the importer in Peru to make a claim for the preferential tariff rate for qualifying products. However, the exporter or producer may be asked by the importer, customs broker, or Peru Customs Service to provide a written or electronic certification or other information to support the importer’s claim. While there is no required form for certifying origin, this form is commonly used by many exporters and importers.
The importer is heavily dependent upon the assistance and cooperation of its U.S. suppliers in producing accurate and well-documented declarations of origin.
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