On 18 November 2003, the USTR notified the U.S. Congress of the Administration's intent to enter into free trade negotiations with Bolivia, Colombia, Ecuador and Peru, all of whom are beneficiaries of the Andean Trade Preference Act (ATPA).

Peru, along with Colombia and Ecuador and with Bolivia participating as an observer, began free trade negotiations with the United States on 18 May 2004.   After thirteen rounds of negotiation, on 7 December 2005, Peru and the United States announced that they had concluded negotiations. On 6 January 2006, the U.S. President sent to Congress a notice of his intent to enter into a free trade agreement with the Republic of Peru and on 12 April 2006 Peru and the United States signed the U.S.-Peru Trade Promotion Agreement (PTPA).

On 25 June 2007, the United States and Peru reached an agreement to amend the provisions on labor, the environment and other matters of the U.S.-Peru Trade Promotion Agreement. These legally binding amendments were negotiated to reflect the bipartisan agreement on trade reached at the U.S. Congress on 10 May 2007.

Documents relating to the U.S-Andean Negotiations
25 June 2007	Statement on amendments to U.S.-Peru Trade Promotion Agreement
12 April 2006	United States and Peru sign Trade Promotion Agreement (PTPA)
06 January 2006	Notice of intent to enter into FTA with Peru
07 December 2005	United States and Peru conclude free trade agreement
03 May 2004	Peru and Ecuador to join in May 18-19 launch of FTA negotiations
23 March 2004	U.S. and Colombia to begin negotiations May 18
18 November 2003	Letter to Senate regarding intent to initiate free trade talks with Andean countries
18 November 2003	Letter to House of Representatives regarding intent to initiate free trade talks with Andean countries
18 November 2003	USTR notifies Congress of intent to initiate free trade talks with Andean countries
	Documents relating to the Andean Trade Preference Act
Source: Office of the United States Trade Representative (USTR); Official White House website

There were thirteen rounds of Andean-U.S. negotiations, beginning in May 2004 and ending in November 2005.
 

Documents relating to the U.S.-Andean Negotiating Rounds
	Additional information on rounds XI-XIV from Colombia, Ecuador and Peru
14-22 November 2005	Washington, D.C.:  XIII round of negotiations
17 - 21 October 2005	Washington, D.C.:  negotiating meeting
19-23 September 2005	Cartagena, Colombia: XII round of negotiations
18 - 22 July 2005	Miami, USA: XI round of negotiations
	Additional information on rounds VI-X from Colombia, Ecuador and Peru
06-10 June 2005	Guayaquil, Ecuador:  X round of negotiations
18-22 April 2005	Lima, Peru:  IX round of negotiations
14 - 18 March 2005	Washington, D.C.:  VIII round of negotiations
07 - 11 February 2005	Cartagena, Colombia: VII round of negotiations
29 November - 05 December 2004	Tucson, USA:  VI round of negotiations
	Additional information on rounds I-V from Colombia, Ecuador and Peru
25-29 October 2004	Guayaquil, Ecuador:  V round of negotiations
13-17 September 2004	San Juan, Puerto Rico: IV round of negotiations
26-30 July 2004	Lima, Peru: III round of negotiations
14-18 June 2004	Atlanta, USA: II round of negotiations
18-20 May 2004	Cartagena, Colombia: I round of negotiations
Source: Ministerio de Comercio Exterior y Turismo (Mincetur) de Perú; Secretaría General de la Comunidad Andina

A technical capacity building element was included in the negotiations.
 

Documents relating to technical capacity building
25 June 2004	Peruvian tariff offer (agricultural and non-agricultural goods)
Source: Ministerio de Comercio Exterior y Turismo (Mincetur) de Perú

Peru has made its tariff offers available to the public:
 

Peru's tariff offers
25 August 2004	Peru tariff offer from the third negotiating round (agricultural and non-agricultural goods)
28 July 2004	Initial Peruvian tariff offer at third negotiating round
Source: Ministerio de Comercio Exterior y Turismo (Mincetur) de Perú

On 10 October 2006, Peru and the United States issued a joint statement reiterating their commitment to strengthen bilateral trade ties. The U.S. President affirmed his commitment to securing Congressional approval of the PTPA.

The U.S. House of Representatives approved the U.S.-Peru Trade Promotion Agreement on 8 November 2007. On 4 December 2007 the U.S. Senate approved the agreement. On 14 December 2007, The U.S. President signed into law H.R. 366, the United States-Peru Trade Promotion Agreement Implementation Act.

Documents relating to the entry into force
14 December 2007	U.S. President Signs H.R. 3688
14 December 2007	USTR Statement on signing of the U.S.-PERU TPA
14 December 2007	Fact Sheet: United States-Peru TPA Implementation Act
04 December 2007	U.S. Senate approves TPA
08 November 2007	U.S. House of Representatives approves TPA
10 October 2006	Joint Statement between the United States and Peru
Source:  Ministerio de Comercio Exterior y Turismo (Mincetur) de Perú; Office of the United States Trade Representative (USTR)