Missouri reaches $300 million trade deal with Peru
JEFFERSON CITY (AP) — Missouri and Peru have agreed to trade $300 million worth of products over the next four years.
Economic Development Director Mike Downing signed the pact Thursday with an official from Peru's export and trade promotion board. The agreement comes two days after Gov. Jay Nixon announced a $750 million trade deal with Colombia.
Peru imported more than $25 million worth of Missouri goods and commodities in 2014. Food, chemicals, non-electrical machinery and fabricated metal products were the biggest exports to the South American country.
Nixon's trade delegation is scheduled to return to the United States on Friday. The Hawthorn Foundation, a nonprofit organization that frequently finances gubernatorial trade missions, paid for the travel expenses of the governor and his wife.