Peru expects to sign the Free Trade Agreement (FTA) with Hong Kong this week, as part of the
Asia-Pacific Economic Cooperation (APEC) forum being held in Lima.
"We are expecting to be able to sign the optimization of the FTA with China this week, which will allow us to renew this 14-year free trade agreement consisting of 7 chapters. We have added 5 more, and the original 7 have also been upgraded for the benefit of both economies," Leon told reporters.
"These are important expectations because all of this attracts investment and improves our exports," the minister pointed out.
Additionally, the Cabinet member stated that her sector has been working on multiple fronts to consolidate exports and tourism.
Innovation, competitiveness, digitalization, and formalization are also being promoted through an intersectoral initiative.
21 leading economies
APEC is made up of:
Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, the Russian Federation, Singapore, Chinese Taipei, Thailand, the United States, and Viet Nam.
Together, they account for 62% of world's GDP, 48% of global trade in goods and services, plus 38% of the planet's population.
(END) GDS/JJN/JRA/MBC/MVB
Published: 11/11/2024