News

NEWS
Date: August 9, 2010 Contact: Gil Cisneros
For release immediately 303-462-1275

TRADE BETWEEN THE US AND PERU GETS A BOOST WITH NEW COTA AGREEMENT

An agreement between Denver’s Chamber of the Americas (COTA) and Exportadores USA – Peru S.A.C. opens up opportunities for local businesses that are looking for ways to expand into foreign markets.

In making the announcement, COTA’s president/CEO Gil Cisneros said, “It’s time to maximize the benefits provided under the United States-Peru Trade Promotion Agreement (PTPA)” which entered into force Feb. 1, 2009.

Most of Peru’s tariffs on U.S. exports were eliminated with the implementation of the PTPA; tariffs that still remain are to be phased out over defined periods of time. Peru was the United States’ 36th largest goods export market in 2009, according to the U.S. Trade Representative.

Companies in the central area of the US – Colorado, New Mexico, Utah, Idaho, Wyoming, Kansas, Nebraska, Montana – and Peru’s small and medium enterprises located in Lima, La Libertad, Cajamarca, Arequipa and Cusco, are the focus of the COTA–Exportadores agreement.

“Our goal is to promote trade and investment opportunities between the two countries; to facilitate the marketing of goods and services; and to provide distribution facilities in proximity to the target markets,” said Cisneros, adding that advice on imports, exports and contract negotiations will also be available.

Headquartered in Denver, the mission of the Chamber of the Americas is to facilitate commerce and understanding among the businesses and governments of the Western Hemisphere. For more information about COTA and markets in the Americas, contact Gil Cisneros at 303-462-1275, or gil@chamberoftheamericas.com.