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South America is one of the fastest-growing world regions for exports of U.S. farm and food products, and Chile and Peru are among the most rapidly growing markets in the region.
U.S. agricultural exports to South America nearly doubled in the past four years, reaching a record of more than $8 billion in calendar year 2014.
The U.S.-Peru Trade Promotion Agreement (PTPA) has led to record food and agricultural product exports for both countries.