On March 1, 10 years were commemorated since the entry into force of the
This trade agreement —highly relevant for the South American country with Japan, the latter of which hosts a population of approximately 130 million inhabitants— means the entry into an attractive market for Peru.
The FTA facilitated the entry of new products —especially of the non-traditional sector— into Japan.
Thus, in the case of fresh products Peru currently exports mangoes, bananas, asparagus, avocados, and tangerines to the Asian country.
Besides, authorization for the entry of Peruvian grapes is expected at the end of the current year. In parallel, efforts are undertaken to achieve the entry of blueberries.
Likewise, in terms of frozen products, the value of the entry of trout alone into the Japanese market leads to revenue worth approximately US$17.7 million during 2021.
In addition, functional foods such as quinoa, and amaranth, among others, are highly demand due to their high nutritional value —an element that is highly appreciated by Japanese consumers.
On the other hand, the FTA has also allowed the entry of enterprises dedicated to textiles —mainly alpaca products.
Added to this are our traditional exports such as minerals and fishmeal, among others.
All this has contributed to the fact that by 2021 our traditional exports to Japan amounted to US$1.686 billion and non-traditional ones to US$178 million, according to preliminary data as of October last year.
There is no doubt that the FTA with Japan is a great achievement. Efforts must be undertaken to implement it entirely to make the most of its advantages and that it benefits Peruvian producers and businesspeople.