The Peruvian Ministry of Foreign Affairs has commemorated the 10th anniversary since the signing of the
with the forum "10 years since the Peru-U.S. FTA entry into force: impact and perspectives."
The agreement covered broader aspects such as investments,
intellectual property, public purchases, as well as labor and environmental matters, among others.
In this way, said instrument marked a milestone in Peru's commercial
relationship, not only with the United States, but with the entire world, thus becoming a State policy and a model for future negotiations with other countries.
In the political-diplomatic sphere, the role played by the
Foreign Affairs Ministry in the diverse stages of the process was highlighted: prior negotiations, negotiation and agreement ratification, as well as its role in the corresponding implementation through the economic-commercial promotion actions developed in coordination with the public and private sectors.
Over the last 10 years, trade between Peru and the U.S. registered an increase of at least 50%, climbing from US$11 billion in 2008 to over US$17 billion in 2018.
Thanks to the Agreement, products —such as grapes, asparagus,
blueberries,
avocados, mangoes, tangerines, and
coffee— lead
Peruvian agro-exports, generating opportunities, employment, and well-being. Likewise, the United States is the main destination for our
non-traditional exports, which have almost doubled since the FTA entered into force.
The event also featured distinguished panelists representing public, private, and academic sectors, such as former Foreign Affairs Minister and ex-Peruvian Ambassador to U.S. Eduardo Ferrero, CCL's Foreign Trade Research and Development Institute (Idexcam) Executive-Director Carlos Posada, international relations expert Farid Kahhat, and Association of Peruvian Exporters (Adex) Chairman Erik Fischer.
(END) NDP/RMCH/RMB/MVB