Foreign Trade and Tourism Minister Roberto Sanchez has announced that
the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) —the most important free trade agreement in the world— will enter into force for Peru on September 19.
As is known,
the CPTPP brings together 11 economies: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Singapore, Vietnam, and Peru, which together account for 13% of world's GDP and 15% of global trade.
Starting Sunday, Peru will become the eighth economy where the agreement comes into effect.
With its entry into force, Peruvian exports will be able to enter —immediately and free of tariffs— the CPTPP economies where the agreement has already come into force, which are the most significant and dynamic ones in the world, thus enabling Peru to occupy a strategic position in the Asia-Pacific region.
"The CPTPP's entry into force is an opportunity for our exporters, mainly for micro, small and medium-sized enterprises (MSMEs), which will enjoy preferential access to a potential market of 500 million consumers," the minister pointed out.
"We will accompany them to strengthen their exporting capacities, by giving them all the support so that they can make full use of the benefits that this agreement brings," he said.
The announcement was made at the event "Entry into Force of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership for Peru," which featured Foreign Affairs Minister Oscar Maurtua (virtually); German Tacuri, who chairs Congress' Foreign Trade and Tourism Commission; and the ambassadors to Peru of CPTPP member states.
Also attending were Deputy Foreign Trade Minister Diego Llosa and PromPeru Executive-President Amora Carbajal.
(END) NDP/RMB/MVB
Published: 9/17/2021