Peruvian president's Asian trip set to open fruit export doors
Peruvian president Ollanta Humala's visit to Japan and South Korea this week is expected to pave the way for grape, mango and avocado exports, website Larepublica.pe reported.
Experts regard the trip as key in strengthening Peru's free trade agreements with the two Asian powers and encouraging investment.
Peru and Japan's economic partnership agreement (EPA) came into effect on March 1, allowing for a greater diversification of exports and lowering of tariffs by up to 99% over the next 10 years.
Lima's Chamber of Commerce (CCL) estimates the agreement will double exports of non-traditional products, such as fruit, to reach US$268 million over the next three years.
Peru's Foreign Trade Society (ComexPerú) manager Eduardo Ferreyros, said the president's trip will invigorate and strengthen trade between the two countries.
Humala will be accompanied by business people from a range of sectors with the aim of creating commercial networks between the two countries.
Peru currently exports copper ores and concentrates, natural gas, fish meal, minerals, lead, copper cathodes, zinc, iron ore and unroasted coffee to Japan, while importing vehicles, tires, bulldozers and printing machine parts.
Foreign Trade Center (CCEX) data showed that in 2011 Peru export US$2.175 billion to Japan and imported US$1.123 billion.
Humala will sign a comprehensive strategic partnership on college scholarships, public safety and establish a fund to finance development cooperation projects, while in South Korea.
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