Peru's international target market might increase from 3 billion to 4 billion potential clients through the Free Trade Agreement (FTA) —currently in negotiation— with India, Foreign Affairs Minister Nestor Popolizio has informed.
It should be noted Peru nowadays exports goods and services to over 170 countries. In 2010, there were only 144 destinations.
"In 2017, Peru was the country with the third highest export increase in the world; that was 22%, and the first one in the region," Minister Popolizio said.
"The Foreign Trade and Tourism Ministry (Mincetur) projects
non-traditional exports will reach US$14 billion by end-2018, thus setting a historical record," he added.
Pacific Alliance
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.
On the matter, the minister pointed out the Inca country is currently negotiating the membership of Australia, Canada, New Zealand, and Singapore
Afterwards, the nation will start a negotiation process for South Korea and Ecuador to become
associated States.
(END) MDV/MDV/DTK/MVB