Peru's foreign trade policy continues gaining recognition for its efforts to diversify markets, especially with the
Housing 25 million inhabitants and a GDP per capita of US$53,250, Australia relies on a large capacity to purchase goods and services, compared to Peru's US$6,470, according to data from the World Bank
"Today, the Free Trade Agreement with Australia
enters into force (...). So, now we have 20 agreements in force with more than 50 countries," Deputy Foreign Trade Minister Sayuri Bayona told El Peruano official gazette.
"In Oceania, Australia is one of Peru's main markets. We believe it has a lot of potential, not only for goods, but also for services," the deputy minister said.
"For example, we develop the mining (sector), and Australia is an important country in that sector," she noted after her participation in the forum titled "The Fourth Industrial Revolution and International Trade," organized by the General Secretariat of the Andean Community (CAN).
The PAFTA contains chapters specially focused on small and medium-sized enterprises (SMEs) and provides them with development opportunities.