News

Malaysia, a new market challenge for Peruvian fruit exports

Fruits
Malaysia
Peru
Published Dec 16, 2022

Tridge summary

"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.

Original content

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, these figures will increase, thus boosting the Peruvian economy, which, in turn, will encourage the creation of more jobs. Currently, the CPTPP is in effect for Peru, Australia, Canada, Japan, Mexico, Malaysia, New Zealand, Singapore, and Vietnam. Only the ratification by Brunei ...
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