A Free Trade Agreement (FTA) between Peru and Panama will be effective from April.
Carlos Posada, Deputy Minister of Foreign Trade and Tourism of Peru, made the announcement in a Peruvian newspaper. The procedure, in the hands of the Foreign Ministry, takes about a month the official said, meaning that it could be approved within the first fortnight of April.
The National Assembly unanimously approved on the third and final debate the free trade agreement with Peru, to be implemented in 2012.
A press release from the National Assembly of Panama reads:
Trade relations between Panama and Peru are to close this year with about 600 million dollars in transactions, said the South American country's ambassador, William Russo Checa, after a visit to the National Assembly president, Hector Aparicio.
The Ministry of Trade and Industry has reported that in September this year there will be a trade mission to Chile and Peru.
The Minister of Trade and Industry, Roberto Henriquez, reported that from the 5 to 9 September this year there will be a Trade Mission to Chile - Peru, with the participation of 15 domestic producers of fresh fruits, vegetables, fish, shrimp, processed food, housewares, toys, footwear, cooling services, logistic services and the Colon Free Zone.
Producers say it will be difficult to take advantage of the trade agreements that have been signed.
Negotiations with countries like Peru, Colombia and the eventual ratification of the treaty with the United States are worrying producers, who believe they are not prepared to compete under the new conditions.
With the exclusion of some 20 products deemed sensitive, the negotiation of the free trade agreement (FTA) with Peru has concluded.
During the fourth round of negotiations and after long sessions of work the negotiating teams of both countries agreed on all subjects of the FTA and now have a tool that will facilitate trade between the two countries.
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