Peru: About 92% of non-traditional shipments went to countries with Free Trade Agreements (FTAs)

Published 2021년 5월 10일

Tridge summary

Peru saw 91.9% of its non-traditional exports in 2020 going to countries with which it has Free Trade Agreements (FTAs), totaling over $11 billion. The US was the top destination, receiving 35% of these exports, while the European bloc was the second most important market, accounting for 25% of non-traditional shipments. Products like blueberries, fresh grapes, asparagus, and natural calcium phosphates were in high demand. Peru currently has 21 trade agreements with blocs and countries including the European Union, Pacific Alliance, and Mercosur, providing advantages in foreign trade by allowing tariff-free entry of goods and services.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The country has 21 trade agreements in force, some of them with blocs such as the European Union and the Pacific Alliance. The Association of Exporters (ADEX) reported that in 2020 91.9% of all non-traditional Peruvian exports went to countries with which Peru signed Free Trade Agreements (FTAs), evidencing the importance of these agreements in promoting and development of the offer with added value. In total, non-traditional shipments amounted to more than $ 11 billion. 35% of non-traditional exports went to the US. The products with the highest demand were blueberries, fresh grapes, asparagus and natural calcium phosphates. The second destination was the European bloc, which accounted for 25% of non-traditional shipments. The shipment of avocados, blueberries, fresh grapes, squid and mango to the Old Continent stood out. "They are a fundamental tool for the development of foreign trade by allowing the entry of our goods and services free of tariff and non-tariff restrictions, ...

Source: Redagricola