Exporting cashew nuts, tea, and pepper from Vietnam to Peru enjoy 0% tax

Published 2021년 7월 21일

Tridge summary

Vietnam and Peru have ratified their first free trade agreement through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), with Peru becoming the 8th country to ratify. The agreement is expected to boost bilateral trade and provide Vietnamese exporters with market access. Peruvian import regulations are simpler compared to countries of similar market size, offering a competitive edge. The CPTPP eliminates 95% of tariffs among its 11 member countries, with the process to include Peruvian names expected to begin.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vietnam and Peru have a free trade agreement for the first time, after the National Assembly ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Cashew nuts are one of the main agricultural products exported by Vietnam to Peru. The Peruvian National Assembly has just voted to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), more than 3 years since the Agreement was signed in March 2018. The South American country became the 8th country to ratify the CPTPP. CPTPP will come into force in Peru 60 days after the country announced the ratification of the Agreement with the depositary country New Zealand. As a member that has ratified the CPTPP, Vietnam will benefit from Peru's ratification of this Agreement, firstly promoting bilateral turnover, and secondly, the opportunity to open the market for export goods. The main export items of Vietnam to Peru are phones, electronic components, computers, shoes, clinker, ...
Source: Vinacas

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