Expanding fruit, veg exports

Trans-Pacific Partnership to be signed by Peru in NZ

On February 4, Peru's Foreign Trade and Tourism Minister Magali Silva will sign the Trans-Pacific Partnership (TPP) agreement in New Zealand's city of Auckland. The agreement is set to benefit the export sector and contribute to turning Peru into a "hub" for the Asia-Pacific area.

Australia, Brunei Darussalam, Canada, Chile, United States, Japan, Malaysia, Mexico, New Zealand, Singapore, Vietnam and Peru belong to the trade bloc hosting 805 million consumers, which accounts for 40% of global production. 

Benefits

TPP —whose negotiations closed on October 5th, 2015— is the world's most important trade bloc.

The South American country is set to draw investments from other nations and be allowed to export goods within the area by taking advantage of TPP preferences.

Exports sector

TPP will decisively contribute to consolidating the exports sector, above all the non-traditional industry. Thus, it will lead to generating new Peruvian economic growth engines and turning the country into a long-term sustainable nation through the internationalization of SMEs and their insertion into global value chains.

Five new markets

Thanks to five new markets such as New Zealand, Malaysia, Vietnam, Brunei and Australia —following TPP's entry into force— exports of Peruvian fruits and green vegetables, as well as other products, are expected to expand.

Source: andina.com.pe

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