Peruvian avocados, grapes, and blueberries can benefit from the Trans-Pacific Partnership Treaty

Published 2021년 7월 16일

Tridge summary

Peru has ratified the Comprehensive and Progressive Treaty of Trans-Pacific Partnership (CPTPP), becoming a member of the 11-nation bloc that includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Singapore, Vietnam, and Peru. The ratification will allow Peruvian exports to enter tariff-free into New Zealand and Vietnam, and potentially Brunei and Malaysia. The treaty is expected to provide Peruvian exporters with increased market access and competitiveness, with benefits including tariff reduction for products with inputs from other CPTPP members. The treaty, which represents 13% of the world's GDP and 15% of global trade, is expected to particularly benefit Peruvian products such as cotton t-shirts and polo shirts, avocados, grapes, cranberries, and dairy products.

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

Original content

(Agraria.pe) After the Congress of the Republic ratified on July 14 the country's entry into the Comprehensive and Progressive Treaty of Trans-Pacific Partnership (CPTPP), Peru has taken an important step to put into effect an agreement that integrates 11 economies of the Asia Pacific region. Claudia Cornejo, Minister of Foreign Trade and Tourism, pointed out that “the approval of the CPTPP contributes to continuing to incorporate Peru into world production networks and global value chains. Its ratification represents an opportunity to continue positioning our exports in the Asia Pacific ”. To date, the CPTPP is made up of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Singapore, Vietnam and Peru. With the entry into force, Peruvian exports will be able to enter, immediately and free of tariffs, to New Zealand and Vietnam, and once they ratify it, to Brunei and Malaysia, countries with which there is no current trade agreement. Benefits "With the CPTPP our ...

Source: Agraria