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Peru and the U.S. signed the U.S.-Peru Trade Promotion Agreement (PTPA) on April 12, 2006 in Washington, DC. The PTPA was ratified by the Peruvian Congress on June 28, 2006, but has not yet been ratified by the U.S. Congress. On December 9, 2006, the U.S. Congress extended the Andean Trade Preference Act (ATPA) as amended by the Andean Trade Promotion and Drug Eradication Act (ATPDEA)--jointly referred to as ATPA/ATPDEA--through June 2007. On June 30, 2007 the President signed legislation extending ATPA/ATPDEA for an additional 8 months.
Peru and the U.S. signed the U.S.-Peru Trade Promotion Agreement (PTPA) on April 12, 2006 in Washington, DC. The PTPA was ratified by the Peruvian Congress on June 28, 2006, but has not yet been ratified by the U.S. Congress. On December 9, 2006, the U.S. Congress extended the Andean Trade Preference Act (ATPA) as amended by the Andean Trade Promotion and Drug Eradication Act (ATPDEA)--jointly referred to as ATPA/ATPDEA--through June 2007. On June 30, 2007 the President signed legislation extending ATPA/ATPDEA for an additional 8 months.
Peru registered a trade surplus of $8.8 billion in 2006. Exports reached $23.7 billion, partially as a result of high mineral prices. Peru's major trading partners are the U.S., China, EU, Chile and Japan. In 2006, 23.0% of exports went to the U.S. ($5.9 billion) and 16.0% of imports came from the U.S. ($2.9 billion). Exports include gold, copper, fishmeal, petroleum, zinc, textiles, apparel, asparagus and coffee. Imports include machinery, vehicles, processed food, petroleum and steel. Peru belongs to the Andean Community, the Asia-Pacific Economic Cooperation (APEC) forum, and the World Trade Organization (WTO).
Peru registered a trade surplus of $8.8 billion in 2006. Exports reached $23.7 billion, partially as a result of high mineral prices. Peru's major trading partners are the U.S., EU, Chile and Japan. In 2006, 23.0% of exports went to the U.S. ($5.9 billion) and 16.0% of imports came from the U.S. ($2.9 billion). Exports include gold, copper, fishmeal, petroleum, zinc, textiles, apparel, asparagus and coffee. Imports include machinery, vehicles, processed food, petroleum and steel. Peru belongs to the Andean Community, the Asia-Pacific Economic Cooperation (APEC) forum, and the World Trade Organization (WTO).
===Foreign Investment===
===Foreign Investment===