LIMA,PERÚ-FEBRERO 02. El presidente del Consejo de Ministros, Pedro Cateriano, El presidente del Consejo de Ministros, Pedro Cateriano, inaugura la VI Conferencia Anticorrupción Internacional de la Contraloría. Foto: ANDINA/Norman Córdova
The Trans-Pacific Partnership—TPP deal is fundamental to the country’s economic development, Peru’s Prime Minister Pedro Cateriano Bellido said as he remains confident the Congress will approve it.
“The TPP is the most important deal several countries have signed towards economic integration. As well as the Pacific Alliance, its markets will lead to greater economic growth in the country in the following years,” he noted.
The agreement will cover 40% of global GDP and member states include powerful countries like the United States, Canada and Japan, which will be favorable to the Peruvian economy.
After noting that the only way to eradicate poverty and create jobs is through domestic and foreign investment, Cateriano welcomed the initiative of a public debate around the said trade agreement.
“It’s time to confront ideas and points of view and, in the end, the Congress will pass or not the treaty […] I am confident the Congress will do so, because the treaty is essential to development,” he insisted.
The Cabinet’s Chief recalled the President handles foreign affairs by powers of the Constitution, so he will determine an appropriate moment to send the document to the Congress for its debate.
When asked about the criticism over the TPP, Cateriano recalled the country faced a similar situation in the last decade, when it inked the FTA with the United States; he thinks it is mere political noise, since those forecasts failed to materialize.