Honduras - Peru Trade Agreement Signed

80% of Peruvian exports enter duty free immediately and the rest will gradually be exempt from tariffs which will be eliminated completely within 10 years.

Monday, June 1, 2015

"... Asparagus, artichokes, grapes, pineapples, mangoes, avocados, quinoa, amaranth, paprika, coffee, Giant Cusco corn, purple corn, lacquer dyes, brighteners, essential oils, chemical inputs, varnishes and paints, plastic containers, polymer foils , solvents, textiles for clothing, articles of iron and steel, goods manufactured from copper, among other things ... " are some of the Peruvian products that will start to enter the Honduran market under the FTA scheme between both countries.

One of the sectors that Hondurans had the most objections to was submitting textiles to the negotiations, about which, according to an article on CentralAmericaData .COM, "... they are not prepared for the total elimination of industrial exclusions that Peru is demanding".

Gestion.pe reports that "... The FTA with Honduras contains provisions on market access, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, trade facilitation, government procurement, trade protection, trade in services, temporary entry of business people, investments, intellectual property, competition, cooperation, among other things. "

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