Lima, Jun. 19 (ANDINA).- Peru-Canada Free Trade Agreement (FTA) is ready to come into force after being passed in the Canadian Lower House and Senate, reported Friday Peru’s Foreign Trade and Tourism minister, Mercedes Aráoz.
"It will soon come into force in our country. The Foreign Ministry will negotiate an Executive Agreement and, after that, FTA would come into force in both nations," she said.
Peru-Canada FTA was signed in May last year, in addition to two agreements on Labor Cooperation and Environment, in order to promote bilateral practices and assistance.
According to the Deputy Trade Minister Eduardo Ferreyros, the agreement might come into force in July or August this year.
During the negotiation rounds, Peru and Canada discussed bilateral issues related to market access for goods, services, investment, public procurement issues, among other topics.
The agreement is focused on socially responsible investing, in which Peru will benefit from the experience of Canada in forestry and sustainable development, said the Peruvian minister.
Thanks to Peru-Canada FTA, about 3,836 Peruvian products will enter the Canadian market with zero tariffs, according to Lima Chamber of Commerce (CCL).
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