Peru: MINCETUR elaborates on how the negotiations for an FTA with India are going

Published 2021년 5월 25일

Tridge summary

Peru is actively pursuing Free Trade Agreements (FTAs) with Nicaragua, India, China, Argentina, and the Pacific Alliance bloc (Singapore, Australia, Canada, and New Zealand). The FTA with Nicaragua is progressing, with a trade surplus and a focus on non-traditional exports. The FTA with India, although ongoing, has not made significant progress and faces concerns about potential harm to the national industry. The Peruvian Ministry of Foreign Trade and Tourism is taking steps to strengthen e-commerce to adapt to the digital age.

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

Original content

Diego Llosa, Vice Minister of Commerce, specified the status of the talks with India as well as the balance of Peruvian exports in the first quarter of this 2021. A few weeks ago, the bilateral talks between Peru and Nicaragua began to sign a Free Trade Agreement (FTA). In dialogue with this newspaper, the Vice Minister of Commerce Diego Llosa provided more scope on this and other negotiations on the radar of the Ministry of Foreign Trade and Tourism (Mincetur) - precisely also on the trade agreement with India -, as well as the balance of the Peruvian shipments in the first quarter. —We observe that the first rounds of negotiations with Nicaragua for the signing of an FTA have already begun. What is the status of these first talks? We started the first round of negotiations with Nicaragua last week, where the Mincetur negotiation team is working with different actors from the public sector. In this first round there are 14 months of negotiation. The Nicaraguan market is ...

Source: Agroexportaciones