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Peru is the third-largest export market for U.S. agricultural products in South America. U.S.-origin food and agricultural product exports to Peru benefit significantly from the U.S. - Peru Trade Promotion Agreement (PTPA). U.S. consumer-oriented...
On June 29, 2022, the European Commission (EC) approved one genetically engineered (GE) crop (maize) for food and animal feed. The authorization was published in the European Union’s Official Journal on July 1, 2022 and remains valid for 10 years.
In March 2021, Iceland’s Minister of Fisheries and Agriculture announced his intention to allocate ISK 970 million ($7.5 million) in financial support for Icelandic sheep and cattle farmers.
On June 28, 2019, the European Union became the first major partner to strike a trade agreement with the Southern Common Market (or MERCOSUR) countries of Argentina, Brazil, Paraguay, and Uruguay.
On December 18, 2020, the European Commission published a Regulation eliminating EU customs duties for fresh and frozen lobsters from August 1, 2020 to July 31, 2025.
On November 21, 2020, Canada announced conclusion of an interim trade agreement to mitigate possible trade disruption associated with the United Kingdom leaving the European Union...
Latin America accounts for about 25 percent of global corn imports . The region’s corn demand for imported corn has grown steadily over the years supported by expansion in the livestock sector...
The U.S.–Peru Trade Promotion Agreement (PTPA) celebrated its tenth anniversary on February 1, 2019.
Column chart comparing the change in value of U.S. agricultural exports before and after key trade agreements.
For over a decade, Peru has been one of the world’s top performing economies, registering sustained high growth accompanied by low inflation.
Peruvian imports of U.S. corn continue skyrocketing, reaching 1.5 MMT ($251 million) during January/April 2017.
The U.S. - Peru Trade Promotion Agreement (PTPA) has served to generate a continuing symbiotic trade relationship between the United States and Peru that shows no signs of diminishing.