News

Non-traditional exports from Peru to destinations with trade agreements registered an accumulated growth of 57.9%

Peru
Regulation & Compliances
Market & Price Trends
Published Feb 28, 2024

Tridge summary

Peru has established 22 trade agreements that provide access to 58 markets with improved tariff conditions, according to the Foreign Trade Society of Peru (ComexPerú). These agreements, which began in the early 2000s, include key partnerships with the US, China, South Korea, Japan, and the EU. As of 2023, 91% of Peru's exports, valued at US$58,451 million, were to countries with free trade agreements. Non-traditional exports, including value-added products, have seen significant growth, especially to the US, EU, China, and South Korea. The agricultural sector has experienced the most growth, with blueberries, grapes, and avocados being the primary exports.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Peru has 22 current trade agreements, which provide its exporters with access to 58 destination markets with better tariff conditions than other countries, highlighted the Foreign Trade Society of Peru (ComexPerú). He indicated that it was in the early 2000s when important negotiations began to conclude bilateral trade agreements with the main markets in the world. Thus, in 2009 the trade agreement with the United States came into force; with China, in 2010; with South Korea, in 2011; with Japan, in 2012, and with the European Union, in 2013. He pointed out that, according to Sunat figures, at the end of 2023, 91% of our shipments to the world were to countries with which we have free trade agreements (FTA). An export value of US$58,451 million was reached, of which 29.1% corresponded to shipments of non-traditional products. He mentioned that non-traditional exports group products with added value, whose production processes demand a greater amount of labor and efficiency in ...
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