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• U.S. high-tech exports to Peru totaled $428 million in 2005, up 10 percent from 2004.
   
• The United States had a high-tech trade surplus of $421 million with Peru in 2005.
   
• As a part of this agreement, Peru will join the WTO’s Information Technology Agreement, which removes tariff and non-tariff barriers to technology products.
   
• A Peruvian free trade agreement gives U.S. companies a competitive edge and helps our South American neighbor embrace free markets. Failure to pass a free trade agreement with Peru cedes our competitive advantage in this region to others.

We are delighted to bring you the seventh installment of the AeA Competitiveness Series.  The AeA research team produces these reports on the most timely and relevant issues to the high-tech industry and to U.S. competitiveness in a global economy.  We combine rigorous data with careful analysis to provide industry leaders and policymakers the information they need to assess the issue.