Peruvian Trade and Tourism Minister, Magali Silva, is optimistic that negotiations for the Trans Pacific Partnership (TPP) trade agreement will ultimately be successful.
The 12 member countries can now see “the light at the end of the tunnel,” the high government official told a group of business leaders Monday.
“It’s a famous phrase, ‘nothing is done until everything is done,’ because we have so many chapters, but on a very personal perspective I think we narrowed down to the most important issues,” she told reporters after the event.
Statements were made on the sidelines of the 47th Annual Meeting and Forecast on Latin America and the Caribbean organized by the Association of American Chambers of Commerce in Latin America (AACCLA).
Miniter Silva was this year's distinguished speaker for the said Latin American business event that has brought together a "who's who" of business in the Americas for over four decades.
According to media reports, the Peruvian Trade minister also met with U.S. Trade Representative Michael Froman to talk about the Trans-Pacific Partnership.
Held at the headquarters of the U.S. Chamber of Commerce, the "Forecast" conference offered valuable insights from top strategists and access to key public and private sector leaders from throughout the hemisphere.
Representing 24 American Chambers of Commerce in 28 Latin American and Caribbean nations, AACCLA's 20,000 member companies manage over 80 percent of all U.S. investment in the region.
Acting in partnership with the U.S. Chamber of Commerce, the world's largest business federation, AACCLA has become the premier advocate for U.S. business in the Americas.
The TPP groups five countries from the eastern side of the Pacific (America, Canada, Chile, Mexico and Peru) and seven from its western fringes (Australia, Brunei, Japan, Malaysia, New Zealand, Singapore and Vietnam). Together these contribute 40% of the world’s GDP and account for one-third of its trade. By any definition, the TPP is a big deal.
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Published: 10/1/2014