Peru: TPP benefits explained

Exportaciones. Foto: Mincetur.

Exportaciones. Foto: Mincetur.

16:51 | Lima, Oct. 13.

Peru has a potential to export agro-industrial products worth up to US$2.250 billion to the bloc composed of countries: Australia, Brunei, Malaysia, New Zealand and Vietnam, the Minister of Foreign Trade and Tourism Magali Silva informed.

"Those are Trans-Pacific Partnership (TPP) economies, with which we register the lowest trade activity. We barely sell them products valued at US$36 million," she expressed.

In this case, a great opportunity will be provided to asparagus, mango, quinoa and grape producers, thus they will find new markets offering better access conditions, the Minister said.


The implementation of TPP will ease the entry of Peruvian products into the bloc’s member countries and improve access granted through existing trade agreements, Silva stressed.

In this case, a special chapter aimed at small and medium-sized enterprises (SMEs) is included.
"This recognizes the sector's contribution to our economy," she underlined. 

To be published

TPP agreement texts will be published within a 30-day period. This will clear out any doubts on the alliance, she detailed.

TPP belongs to the most important trade bloc; it accounts for 40% of global Gross Domestic Product. This zone generates 25% of the world's total exports and 30% of imports.


Published: 10/13/2015
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