PERU, Lima. Agriculture Secretary Tom Vilsack and U.S. Trade Representative Michael Froman announced hat the U.S. government has reached agreement with the government of Peru to remove barriers for U.S. beef exports to Peru that have remained in effect since 2003, opening one of the fastest growing markets in Latin America to all American beef and beef products.
In 2015, the United States exported $25.4 mill. in beef and beef products to Peru. Since the U.S.-Peru Trade Promotion Agreement (PTPA) entered into force in 2009, U.S. beef and beef products have grown substantially but have been hampered due to burdensome certification requirements installed by Peru in 2003. This agreement, reached today during Secretary Vilsack's trade and investment mission to Peru, removes those barriers – called the export verification program – and assures American ranchers of expanded market access.
Bilateral trade of agricultural, fish and forestry products between the United States and Peru topped $3 bill. in 2015 and has grown more than 110% since 2009.
The agreement reflects the United States' negligible risk classification for bovine spongiform encephalopathy (BSE) by the World Organization for Animal Health (OIE). Through an exchange of letters, the United States and Peru have agreed to changes in certification statements that will allow beef and beef products from all federally inspected U.S. establishments to be eligible for export to Peru, rather than only those beef and beef products from establishments that participated in the USDA Agricultural Marketing Service (AMS) Export Verification (EV) programs under the previous certification requirements.
Agricultural exports have climbed more than 35% in value since 2009 under the Obama Administration, totaling a record $919.6 bill. over the past seven years. Since 2009, USDA has removed numerous restrictions to U.S. trade to help farmers export more. USDA has also led more than 225 U.S. agribusinesses and more than 20 State Departments of Agriculture on agricultural trade missions to countries around the world, including Peru. Peru is also a member of the 12-nation Trans-Pacific Partnership (TPP).