Malaysia, a new market challenge for Peruvian fruit exports

Published 2022년 12월 15일

Tridge summary

Peru has signed a Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with Malaysia, allowing around 90% of Peruvian products to enter Malaysia tariff-free. The CPTPP is expected to create business opportunities for Peruvian companies and boost the Peruvian economy, with exports to Malaysia potentially reaching US$125 million. The CPTPP is already in effect for several other countries, and Peru is working to eliminate phytosanitary gaps for the export of Hass avocado to these regions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"This news is of great interest for the Peruvian exportable supply, because we did not have a prior trade agreement with that country," he stressed. The head of Mincetur explained that, with the CPTPP, about 90% of products will be able to enter Malaysia without tariffs, immediately. The entry into force of the CPTPP for Malaysia will generate numerous business opportunities for Peruvian companies. "In this way, we continue to strengthen Peru's presence in Asia Pacific," stressed the minister. One of the main strengths that Peru has is its extensive commercial integration with various markets, thanks to the commercial agreements that the country has signed over the years. The free trade policy has made it possible to create new jobs and contribute to sustainable economic growth. According to information from Mincetur, in 2021, Peruvian exports to Malaysia reached US$100 million, while non-traditional exports were US$25 million, approximately. With the implementation of the CPTPP, ...

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