Peru Signed An Agreement With Mexico, &Nbsp, For Export Of Textiles And Garments.

In April 6th this year, Peru's foreign trade minister EDUARDOFERREYROS and Minister of economic affairs of Mexico signed the Peru presidential palace under the testimony of President ALANGARCIA of Peru, Peru.

Mexico, Peru, originally signed an economic complementarity agreement (ACUERDODECOMPLEMENTACIONECONOMICA:ACEN degree 8) in 1987. In the past 5 years, several rounds of negotiations have been reached in order to expand the entry of the agreement market and include services trade, intellectual property rights and investment.

The Peru Mexico economic complementarity agreement originally contained only 700 market entry products.

The other 62 products that are advantageous for sale and sale in Peru, but sensitive to Mexico, will be exported by way of tariff quotas. For example, Peru's milk and caramel can enjoy 2000 tonnes of duty free import to Mexico every year. Avocado can enjoy 8000 metric tons of duty free annually. Fresh or frozen asparagus can be imported into Mexico in 9-12 months per year.

The agreement is expected to come into force in July of this year, according to the Ministry of foreign trade estimates. The first year after the entry into force of the agreement, Mexico, Peru

According to the Peru Exporters Association, the agreement is conducive to the export of Peru's timber, textiles and garments. The Lima chamber of Commerce and the economist also said that the agreement will increase the export of SMEs in Peru and promote the strategic alliance of the two countries to jointly develop the Asian, European and American markets.