Peru - Customs and duties

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Import licenses are not required on most products. Ad valorem duties are levied at 4% (on 20% of products), 12% (on 64% of products), or 20% (on 15% of products, especially textiles, footwear, and some agricultural products) of CIF value (cost, insurance, and freight). Tariffs range from a total of 4–20%, averaging 11.6%.

Export processing free zones offer investors exemptions from customs duties for imports and exports. Peru does not adhere to the common external tariff of the Andean Community, but is a member of the group, which opened a free trade zone with MERCOSUR in 2000. The Free Trade Area of the Americas is scheduled for 2005.

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