Yesterday, Peruvian Foreign Trade and Tourism Minister Edgar Vasquez affirmed that the internal ratification process of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will conclude in March 2019. This would make Peru the eighth country to bring the accord into force.
It should be noted the Peruvian Executive Branch has already ratified the Peru-Australia Free Trade Agreement (FTA), and it is waiting for the counterpart to do the same so the treaty can enter into force.
"Likewise, the negotiations to upgrade the FTA with China start in March. There is also the next business round with India and the upgrade of the agreement with Argentina, within the framework of Mercosur," Minister Vasquez told https://andina.pe.
On the other hand, total exports are expected to expand around 10%. Plus, non-traditional shipments might rise 13%.
