EU & Peru Trade Agreement

04 April 2013

The EU and Peru have entered in to a Trade Agreement whereby originating products will benefit from reduced or nil duty rates from 1 March 2013.

The level of benefit will depend on the customs classification of the imported products.  Some products will attract nil duty from date of implementation while others will have staged reductions.  CIP Paper (13)17 provides more details including a resource to determine the level of benefit available for all products.

The UK tariff and CHIEF will be updated in due course.  However, there is a risk that importers could overpay duty on qualifying imports.  We recommend you check any imports and, if duty is overpaid, submit a reclaim to the National Duty Repayment Centre on form C285.

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