The Economic 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 process of implementation and administration of the Trade Promotion Agreement.
In addition, the Economic Department of the Embassy of Peru has established an specific area to enhance the relations with the States of the Union. Taking into account the capacities of the States of Union to work directly with foreign governments, the Embassy is working on a plan of action to identify and develop mutual beneficial projects in many different areas (education, healthcare, environment, regulations, prevention of natural disasters, public procurement, science and technology, security, among others).
It also monitors the process of trade negotiations, cooperation for development and social inclusion, environmental sustainability, science and technology, and the settlement of investment disputes in Peru, among other relevant subjects.
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 Commercial Office, the Embassy follows the trade flows and the climate investment, and encourages U.S. investors to do business with Peru.
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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.