Trans-Pacific Partnership (TPP) member countries demand 94% of the total national exportable supply, Peru's Foreign Trade and Tourism Minister Magali Silva affirmed on Thursday.
"TPP's entry into force will allow 94% of our exportable supply to enter all those markets under preferential conditions," Silva affirmed.
Agricultural, fishery and textile products —above all alpaca fiber— rely on a strong potential, and will for the first time enter markets such as Australia, New Zealand, Brunei, Malaysia and Vietnam.
As is known, Peru joined the TPP by signing the corresponding agreement on February 4th, 2016.
TPP
The Trans-Pacific Partnership is the world's main economic bloc hosting 805 million consumers that accounts for nearly 40% of global GDP.
Besides Peru, TPP is composed of Australia, Brunei, Canada, Chile, United States, Japan, Malaysia, Mexico, New Zealand, Singapore and Vietnam.
"[...] TPP countries rely on a GDP per capita of US$33,000, which stands at US$6,660 in the case of Peru," the Minister said.
"[…] consumers with high purchasing power are demanding higher-quality goods, which are those produced in our country," Silva underlined.
Other agreements
To date, Peru has signed 17 Free Trade Agreements -currently in force- with countries China, US, Canada, Japan, Mexico, Singapore, Venezuela, South Korea, Cuba, Chile, Panama, Costa Rica, Thailand, European Union, the Andean Community, Mercosur and the EFTA (composed of Switzerland, Liechtenstein, Norway and Island).
Currently, Peru negotiates treaties with Brazil, Turkey and El Salvador. Similarly, studies on how beneficial signing FTAs with India and Indonesia are being conducted, Silva indicated.
(END) CNA/JJN/HMC/MVB