Andina

Israel willing to sign FTA with Peru

Embajador de Israel en el Perú, Raphael Singer, visitó por primera vez Trujillo, en la región La Libertad, y realizó varias actividades. Visitó fundos.

Embajador de Israel en el Perú, Raphael Singer, visitó por primera vez Trujillo, en la región La Libertad, y realizó varias actividades. Visitó fundos.

11:17 | Lima, Feb. 21.

Israeli Ambassador Raphael Singer on Wednesday affirmed his country is interested in signing a Free Trade Agreement (FTA) with Peru in the near future, since both nations rely on an investment protection agreement.

"Israel is an observer at the Pacific Alliance, and we hope to reach an FTA with Peru in the future," Singer pointed out.

"There is already an investment protection agreement, which is the basis for an FTA," he added.

In this regard, Singer commented there have already been talks about a possible Free Trade Agreement, although these negotiations take time.

Trade balance

It must be noted Peru's trade balance reached a US$6.266 billion surplus in 2017, the highest in the last five years.

According to the Central Reserve Bank (BCR), said result was driven by greater traditional exports (+26.7%).

Last December, BCR projected Peru's trade balance will remain positive in 2018 and 2019, partially explained by higher volumes and metal prices.

(END) MMG/JJN/JAA/MVB

Published: 2/21/2018
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