Despite being an important agricultural producer, Argentina imports more than US $ 300 million in fruit, and Ecuador, Chile and Brazil are among its main suppliers. This represents an important opportunity for Peru's non-traditional agricultural sector, as Argentina imports bananas, mangoes, and avocados, among other products, according to Peru's Foreign Trade Society (Comex Peru).
According to data from the International Trade Center, in 2018 Argentina's avocado imports amounted to US $ 32.4 million, US $ 1.2 million of which corresponded to Peruvian avocados. This figure shows great potential to increase shipments to that destination, since their domestic consumption depends to a large extent on imports from Chile (83% of the total) and Mexico (11.4%).
Similarly, Argentina's mango purchases have been growing, with Brazil as the sole supplier. In 2018, Argentina imported mangoes for US $ 2.1 million.
Deepening the business relationship
Peru maintains a commercial relationship with Argentina through the Agreement of Economic Complementation between Peru and the States that are part of Mercosur (Brazil, Argentina, Uruguay and Paraguay), called ACE 58, and which has been in force since 2006. In January of this year, in order to advance in the bilateral relationship, the liberalization program for the tariff universe was completed, which implements a zero tariff for the exchange of products.
In addition, Peru and Argentina held the first round of negotiations to deepen their commercial relationship in March of this year.
The negotiations are on the right track and an eventual agreement with Argentina is a good opportunity for Peruvian products. In the next rounds of negotiations the representatives of both countries will seek to specify all the aspects that are part of the agreement and achieve a bilateral treaty that improves the exchange between both parties and, in particular, broadens the perspectives for Peruvian non-traditional products.