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Despite ongoing trade tensions, Peru’s economy is projected to grow by 3.1% in 2025, driven by record-high terms of trade, stronger business confidence, and the development of new copper mining projects. Peru’s Trade Promotion Agreement (TPA) with the United States has eliminated tariffs on most goods, improving market access for Peruvian exports such as minerals, agricultural products, and textiles, while also providing U.S. companies with better opportunities to invest and operate in Peru. The market is further enhanced by free trade zones, which offer tax incentives, streamlined customs procedures, and access to modern infrastructure, lowering operational costs and facilitating efficient logistics. Target sectors that present strong market opportunities for Virginia exporters in Peru include infrastructure development, medical devices, mining equipment and machinery, safety and security, processed food, and ICT and cybersecurity.