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Posts Tagged ‘commerce

First Shipments of Peru-US Exchanged Goods Arrive to/Depart from Peru

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The first goods exchanged between Peru and the U.S. around the recently signed Free Trade Agreement arrived to Peru and were shipped to the U.S., correspondingly, according to an article in El Comercio.

In a historic celebration, the first shipment coming from the U.S. to Peru’s international port of Callao arrived yesterday Monday, February 2 including apples from California worth US$17,542. And the first shipment of Peruvian textiles to the U.S. left Callao.

The vast majority of goods coming from the U.S. to Peru free of customs charges include complementary and industrial goods, supplies, and machinery for Peruvian producers.

The U.S. is Peru’s largest commercial partner. In average, trade among both countries reaches nearly US$ 9.4 billion per year.

Click here to watch a news video on this relevant trade accomplishment for both countries.

Key US-Peru trade facts, according to El Comercio:

  • Since last Sunday, products imported to Peru from the U.S. are entering free of customs — in the past they included a 9% or 17% customs charge.
  • In 2008, 18% of the US$31,163 million of total Peruvian exports were shipped to the U.S.
  • In the following months, the Free Trade Agreements with Canada, Singapore, China and Chile will become effective.
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Written by Catherine Castro

February 3, 2009 at 10:29 pm

Peru-China Free Trade Agreement to be Signed on March 2009

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China's President Hu Jintao with Peru's President Alan Garcia (Reuters)

China's President Hu Jintao with Peru's President Alan Garcia (Reuters)

As the local newspaper El Comercio reports, Peru and China are expected to finalize and sign a Free Trade Agreement on March 2009, and should become effective the second half of 2009.

This FTA should be the second most important agreement for Peru following the one signed with the U.S. which is already bringing mutual benefits particularly as a way to fight against the current economic crisis.

China and Peru would agree to a goal of zero tariffs on 90 percent of all goods traded between the two countries, including for example electronics, home appliances, machinery, vehicle motors, chemical, vegetables and fruits by China, and fish flour, mining, fruits by Peru.

Click here to read a Wall Street Journal article title “China’s Latin American Tango”.

Additionally, an FTA between Peru and Canada is also in the works and pending approval, as El Comercio also reports.

Written by Catherine Castro

December 21, 2008 at 1:37 am