The representatives will meet with 150 Peruvian and Ecuadorian companies to develop business ties and explore opportunities for joint ventures.
“Both countries have experienced a decade of political, social and economic change that has created a dynamic environment for economic growth. Both are keen on expanding trade and investment with the United States, as well as with other Pacific-Rim countries through the Trans-Pacific Partnership to which the United States is a party,' said Acting Undersecretary for Farm and Foreign Agricultural Services Michael Scuse, in a statement. 'This mission provides an excellent opportunity for U.S. agribusinesses to make contacts, exchange information, and sign sales agreements.”
The U.S. companies represent a range of food and agricultural products from bulk commodities to consumer-ready food products, as well as transportation and logistics providers, agricultural equipment suppliers, and clean energy manufacturers.
Since full implementation of the U.S.-Peru Trade Promotion Agreement in February 2009, two-way agricultural, fish and forest trade has grown from $1.4 billion in fiscal year 2009 to $1.8 billion in fiscal 2010 — a jump of 31 percent, U.S. exports of agricultural, fish, and forest products alone expanded by 70 percent during this period, USDA noted.
Two-way agricultural, fish and forest trade with Ecuador has remained relatively steady at $1.8 billion in fiscal 2010 compared to $1.7 billion in fiscal 2009.
