"The Peruvian middle class is growing rapidly, and the future of U.S. agricultural growth depends upon gaining competitive access to these increasingly affluent consumers. In fiscal year 2007, U.S. exporters sold nearly $333 million in agricultural products in Peru and, under the TPA, our agricultural producers will be well positioned to provide an expanded range of high-value and consumer-ready products to this market.
“The TPA will also help to keep U.S. bulk commodities competitive in Peru. On the first day the agreement goes into effect, Peru will grant duty-free access to fully 90 percent of our food and agricultural products, greatly increasing the competitiveness of U.S. goods.
"At the same time, the Peruvian economy will gain from enhanced investment opportunities and market participation. Increased prosperity for Peru promises a stable government, growing numbers of middle-income consumers, a stalwart trading partner, and democratic presence in South America – all of which are in the best interests of the United States."
United States Department of Agriculture
marketing@alchempro.com
