Peru joins Pacific Alliance trade seminar in Japan

00:04 | Tokyo (Japan), Nov. 22.

The Peruvian Embassy in Japan participated in the Pacific Alliance's trade opportunities seminar, alongside representatives and trade advisors of the bloc's other members —Chile, Colombia, and Mexico.

The event took place at the Foreign Press Center of Japan and was sponsored by the Inter-American Development Bank's (IDB) Office in Asia

On behalf of its members, Peruvian Ambassador Harold Forsyth highlighted private sector's importance in strengthening the Alliance, through the Business Council established among the bloc's main guilds' leaders, as well as the integration of their stock markets

Likewise, he underlined the significance of small- and medium-sized enterprises (SMEs) as generators of productive chains, as well as the investment opportunities available in the infrastructure sector. 

Furthermore, trade advisors addressed services commerce —including software development, videogames, call centers, and franchises. 

The Inca country's trade advisor pointed out Peru's service exports recorded a great boost, reaching US$7.4 billion in 2017, a 17% rise compared to the previous year. 


The Pacific Alliance —created in 2011— is an integration initiative focused on reducing trade barriers, as well as fostering the free circulation of goods, services, capitals, and people across its territories.

The bloc relies on observer countries and represents the eighth-largest economy in the world.

Nowadays, it has become the axis of a new way of doing business in the continent.

On an annual basis, the Pacific Alliance rotates the pro-tempore presidency among its members.

As is known, Peru assumed the pro-tempore presidency of the Pacific Alliance at the bloc's summit held July 24 in the Mexican city of Puerto Vallarta.

It must be noted Chile was handed over the presidency by Peru in 2016, and then Colombia was chosen to hold it in 2017.


Published: 11/22/2018
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