The Trans-Pacific Partnership (TPP) agreement is favorable for all member countries of the bloc and will help create more markets for Peruvian products, IMF Research Department Deputy Director Gian Maria Milesi-Ferretti said.
The agreement, whose negotiation ended Monday, will be analyzed in detail to examine its implications for the economy of Peru as member country.
“In perspective, this treaty might help expand the market for Peruvian products,” he said after providing perspectives on the global economy in Lima.
Nevertheless, he said that overall this is a “good agreement for all the participating economies.”
Public Investment
On the other hand, the IMF recommends that the country achieve public investment local-level agreements, which are lagging behind for political and legal reasons.
“This is a period of slow growth, and public investment can help stabilize the economy in the short-term through infrastructure projects, because this translates into further growth,” he pointed out.
(END) FHG/JJN/RMB/MVB
Published: 10/6/2015