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The Ministry of Foreign Trade and Tourism (Mincetur) reported that export from Peru to Chile they amounted to $18.127 million over the 13 years of the free trade agreement (FTA) signed between the two countries.
During this period, non-traditional supplies grew by an average of 8.9% per year, and the dynamics of the agricultural and non-metal mining sectors stood out, which recorded an average annual growth of 19% and 12%, respectively.
Mincetur specified that some of the most exported non-traditional products were fresh avocados, palm oil, plastic furniture and non-sprayed cement.
“Chile is currently our second largest trading partner in Latin America after Brazil. We are convinced that adhering to the free trade policy, optimizing the use of the Free Trade Agreement, as well as the benefits of the Pacific Alliance, will allow us to continue to promote and strengthen trade, thereby contributing to the success of the tasks set by the post. “Pandemic economic and commercial situation,” Minister Roberto Sanchez said.
Industries and companies that have benefited from the FTA
For his part, Vice Minister of Foreign Trade Miguel Palomino emphasized that over the past thirteen years, Peru has exported 2,125 new goods to Chile. Of this total, 98% of the export value was in the non-traditional sector, including mechanical, chemical and agricultural metal products.
During thirteen years of free trade between Peru and Chile6,019 new exporters were registered, 91% of which were characterized by annual shipments of up to 1 million US dollars. Among the companies that have started exporting to Chile Following the signing of a commercial agreement, Glencore Peru, Minera Las Bambas and Pacific Stratus Energy are spun off.
Minchetur He added that during the 4th meeting of the presidents and the Peruvian-Chilean bilateral cabinet of ministers, which will be held this Monday, November 28, and Tuesday, November 29, in Santiago, Chile, various issues on the bilateral agenda, as well as strengthening the border integration for the benefit of the people of both countries.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.