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Peru: Non-traditional exports to US up by 90.3% since FTA entry into force

LIMA,PERÚ-DICIEMBRE 29.El Ministerio de Comercio Exterior y Turismo (Mincetur) realiza la presentación del "Perfil del Vacacionista Nacional 2014", a cargo de la titular del sector, Magali Silva . Foto: ANDINA/Norman Córdova

LIMA,PERÚ-DICIEMBRE 29.El Ministerio de Comercio Exterior y Turismo (Mincetur) realiza la presentación del "Perfil del Vacacionista Nacional 2014", a cargo de la titular del sector, Magali Silva . Foto: ANDINA/Norman Córdova

19:56 | Lima, Feb. 08.

Peruvian non-traditional exports to US grew by 90.3% over a seven-year period (2009-2015) started since the FTA entered into force, Foreign Trade and Tourism Minister Magali Silva highlighted on Monday.
Such exports climbed from US$1.568 billion (2009) to US$2.985 billion (2015).

"Non-metallic mining exports stand out and expanded by 349%; followed by iron-steel (240%), chemical (175%) and agriculture (144%) shipments," Silva noted.

Most dynamic products

Trading of asparagus, grapes, fresh avocados, quinoa, artichokes and mangoes benefited the most from the agreement.

Likewise, Silva emphasized US is Peru's second-largest trade partner. The commercial exchange totaled US$12.804 billion.

"US is the main destination for our non-traditional exports [28% of the total] promoted by the Foreign Trade and Tourism Ministry and Promperu [...]," she affirmed.

Second main destination

Silva also noted the American market is the second main destination for Peruvian exports.

In 2015, non-traditional exports to the US amounted to US$2.985 billion. The sub-sector accounted for 60% of total shipments to said target market, the official underlined.

Foreign Direct Investment

According to the Minister, the US is the third-largest Foreign Direct Investor in Peru (13%).

Other benefits

Thanks to the FTA implementation, Peru was able to adapt legislation on customs, intellectual property, sanitary and phytosanitary measures, environment, among other related-issues.

The Peru-US FTA was inked in Washington D.C. on April 12th, 2006 and entered into force on February 1st, 2009.

(END) CNA/JJN/HMC/MVB


Published: 2/8/2016