The U.S.-Peru Trade Promotion Agreement (PTPA) is a bilateral free trade agreement implemented by Pub. L. 110-138 and entered into force February 1, 2009. Tariffs on approximately 80% of U.S. industrial and consumer goods entering Peru were eliminated immediately; the remainder phased out over 10 years.
Origin rules. PTPA uses product-specific rules in Annex 4.1 combining tariff shift and regional value content tests. RVC build-up is 35%; build-down is 45%. A 10% de minimis tolerance applies (lower for textiles).
Apparel: yarn-forward. Peruvian-origin apparel must meet a yarn-forward rule. A 1% de minimis tolerance applies to textile fibers and yarns. Single-transformation treatment is allowed for certain knit-to-shape and brassiere products.
Environmental and labor provisions. PTPA includes binding environmental and labor obligations, including timber tracking and verification requirements for Peruvian timber exports — a unique provision among U.S. FTAs.
Certification. No prescribed form. The importer's claim is supported by a certification from the importer, exporter, or producer with the required data elements. Records retained for five years.
Claims. Use the "PE" or "PE+" Special Program Indicator on CBP Form 7501. Post-entry claims under 19 U.S.C. § 1520(d) within one year, often through reconciliation.