Negotiations to add countries to the Pacific Alliance

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Members of the bloc and representatives of Australia, Canada, New Zealand and Singapore closed the second round of negotiations seeking the integration of these countries. Next appointment will be in March

The Ministry of Foreign Trade and Tourism (Mincetur) announced that the second round of negotiations between the officials of the member countries of the Pacific Alliance with its counterparts from Australia, Canada, New Zealand and Singapore culminated so that the latter could obtain the denomination of Associated States to the economic block.

As recalled, in June 2017, the presidents of Peru, Chile, Colombia and Mexico announced the beginning of negotiations between the Pacific Alliance and the Candidates to become Associated States.

The teams from these economies met from January 29 to February 2 in the city of Gold Coast, Australia. The next round of negotiations is expected to be in March 2018.

For Peru, the commercial exchange with Australia, Canada, New Zealand and Singapore represents approximately 4% of the national foreign trade in its entirety, says Mincetur.

One of the countries with the greatest potential for Peru is Singapore, a country that annually imports goods for close to US $ 300,000 million per year, an amount that represents eight times as much as Peru exports (US $ 36,000 million).

The Deputy Minister of Foreign Trade, Edgar Vásquez, said that with these meetings, the Pacific Alliance is advancing in its process of economic and commercial integration with the Asia Pacific, the most economically dynamic region in the world.

Among the topics discussed in the five days of the round include access to markets, rules of origin, customs, technical barriers to trade, regulatory improvement, sanitary and phytosanitary measures, cooperation, gender, SMEs, among other issues, reports Mincetur.

“New elements are being explored that allow a greater profit of these commercial agreements and, in addition, it is expected that these will define a work agenda with these countries in the Pacific Alliance,” said the vice minister.

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