reported that it participated in the Committee on Trade and Investment (CTI) session held in the southern city of Arequipa —within the framework of Asia-Pacific Economic Cooperation (APEC) forum activities currently underway in Peru.
During this meeting,
Julio Chan —APEC General Coordinator at Mincetur and Peru's representative to the CTI— led the national delegation and presented a report on the Second Dialogue about the
Free Trade Area of the Asia-Pacific (FTAAP).
At said session, member economies underlined the importance of addressing emerging challenges and promoting inclusive economic integration, highlighting the participation of diverse actors.
Peru also presented a project —a joint work with China that seeks to adopt measures aimed at empowering trade facilitation among APEC economies.
According to
Mincetur's Trade Facilitation Specialist, Ingrid Huapaya, the project aims to assess the challenges and benefits of adopting an electronic bill of lading, as well as to highlight the potential of this electronic document in streamlining customs procedures, optimizing the transmission of information, enhancing the flow of goods, reducing associated costs, among others.
As is known, the CTI allows the 21 APEC member economies to dialogue on trade issues.
At their sessions, member economies also discuss opportunities to liberalize and expand trade; facilitate a more open environment for investment; and develop initiatives to improve the flow of goods, services, capital, and technology within the bloc.