The Economic and Environment Department of the Embassy of Peru in the United States performs activities related to the bilateral relations between Peru and the United States in economic, trade and cooperation matters, especially regarding the implementation and administration of the Trade Promotion Agreement between the two countries which entered into force on February 1st, 2009.
It actively liaises with counterpart U.S. agencies to promote the access of Peruvian goods and services and monitors trade restrictions that may obstruct the normal flow of business between the two countries, or that may affect the economic, trade or financial interests of Peru.
The Embassy has a strong focus on enabling the access of new value added products that generate employment and development opportunities for Peruvian businesses and workers, such as agricultural and livestock products. These activities involve a constant communication with US authorities on regulatory matters, such as phyto and zoosanitary matters. Additionally, the department analyses the impact that the economic and trade policies of the United States may have on the Peruvian economy.
The Embassy also encourages U.S. investors to do business with Peru and actively promotes Peru’s favorable investment climate and opportunities available in sectors such as infrastructure, transport and communications, sanitation, energy, mining and irrigation.
The Embassy has a dedicated and active agenda to enhance trade and investment opportunities with the United States. Among others, these activities include visits to the States of the Union, events with the U.S. private sector, as well as presentations to business groups and chambers of commerce.
The Embassy seeks to enhance the relations with the States of the Union by working with State Governments to identify and develop mutual beneficial projects in many different areas (education, healthcare, environment, regulations, prevention of natural disasters, public procurement, science and technology, digital agenda, security, among others).
The Embassy actively explores new opportunities for cooperation between organizations in both countries that may contribute to development and social inclusion, environmental sustainability, science and technology, among other relevant subjects.
Peru has been a leader in international environmental matters, contributing to the successful conclusion of the Paris Climate Accord in 2015, including by hosting in the lead-up to it, the Conference of the Parties (COP 20) that took place in December 2014 in Lima, Peru.
Peru also carries out significant efforts to protect its vast natural patrimony. Peru is considered a mega-diverse country and, according to the World Bank, its territory contains approximately 10% of the worldwide species of flora, 2.000 species of fish; 1.736 species of birds (second ranking in the world in biodiversity); 32 species of amphibians (it ranked the third place in the world); 460 species of mammals (ranking third in the classification); and 365 species of reptiles (ranking fifth in the classification).
Peru is decidedly committed to the sustainable management of its forests and wildlife and to the enforcement of its environmental laws. The Environment Department works with U.S. Government agencies and other stakeholders to continue to strengthen cooperation directed at tackling some of the most daunting environmental challenges Peru faces, including deforestation and environmental degradation caused by illicit crops, illegal gold mining and illegal logging.
The Peruvian Response to Illegal Mining
Additionally, this department analyses the impact that the economic and trade policies of the United States may have on the Peruvian economy. In coordination with the four Trade Commission Offices (New York, Miami, Los Angeles, and Houston), the Embassy promotes the trade flows and the investment climate, and encourages U.S. investors to do business with Peru.
The Economic Department maintains close contact with federal agencies of the United States, including at the Department of State, the Department of Commerce, the Department of Treasury, USTR, and USAID. It also has close contact with Peruvian representatives of the International Financial Institutions (IFIs) headquartered in Washington, D.C., including the World Bank, the International Monetary Fund (IMF) and the Inter-American Development Bank (IDB), keeping itself up-to-date with the activities and projects of these institutions. Under the private chapter, this department has constant contact with U.S. business associations, think-tanks and NGOs.
This Department coordinates with the relevant authorities in Peru on all aspects of the bilateral economic agenda of both countries.