High-Tech Exports to Peru Jumped by 10 Percent in 2005
U.S. Free Trade Agreement with Peru Expands Trade, Strengthens Free Markets

Washington, DC (March 8, 2006) - AeA, the nation’s largest trade association representing all segments of the high-tech industry, today released a new report on the impact of trade between the United States and Peru. The report, "Free Trade Peru," finds that high-tech goods exports to Peru totaled $428 million in 2005, up 10 percent from the previous year.

"While Peru might be a small market for U.S. high-tech products, we have a significant tech trade surplus with Peru," said Rob Mulligan, AeA's Senior Vice President International. "Bilateral trade agreements such as the U.S. Peru Trade Agreement help strengthen ties between countries and foster free markets and democracy in a region that is struggling with both."

"As part of the free trade pact, Peru has also agreed to sign the WTO's Information Technology Agreement, which removes tariff and non-tariff barriers to technology products," said Mulligan. "Ultimately, this helps create American jobs as it opens the Peruvian marketplace to U.S. products and services."

The report released today is part of AeA's ongoing Competitiveness Series, which analyzes issues of importance to the high-tech industry.

All installments of the AeA Competitiveness Series can be found at: www.aeanet.org/cs.

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