Comex Peru is committed to greater commercial integration with China with a focus on agricultural exports

Published 2021년 2월 27일

Tridge summary

In 2020, Peru's exports to China saw an 18% decrease, reaching USD 11,134 million, but China remained Peru's primary trading partner. Only 0.01% of these exports were agricultural, with a total value of USD 1,318 million. However, non-traditional agricultural exports experienced significant growth, increasing by 490% since the FTA's establishment, with notable growth in blueberry, grape, avocado, algae, and tare powder exports. Despite the pandemic, several Peruvian departments continued to exceed USD 10 million in non-traditional exports to China, led by Piura and Lima. The business association ComexPerú emphasized the potential of non-traditional agricultural exports to further boost Peru's income and suggested renegotiating the FTA to improve the trade terms for these products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2020, exports from Peru to China reached USD 11,134 million, which reflected a fall of 18% compared to 2019. According to ComexPerú, a business association that groups together the main exporting, importing and service providers in the country, Despite the previous downturn scenario, China continues to position itself as Peru's main trading partner. The association carried out an analysis of the structure of the country's export basket, where it observed that agricultural shipments constituted only 0.01% of total shipments, for USD 1,318 million. They indicated that non-traditional agricultural products reflect an opportunity for improvement for agricultural exports to China. They detailed that, if the scenario of non-traditional agricultural exports to this country is analyzed since the establishment of the FTA with Peru, it is observed that its benefits have been significant. Along these lines, they highlighted that, at the end of 2010, non-traditional agricultural exports ...

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