The free trade agreement signed between Peru and Thailand –which came into effect on December 31- will allow for the diversification of Peruvian exports in Asian markets and become an option to what is happening in Europe and the United States, said the Peruvian Exporters' Association (Adex).
The head of said institution, Juan Varilias, pointed out that even if the trade balance for Peru was negative in 163.7 million dollars between January and October 2011, there is an interesting evolution over the last years thanks to new products such as natural gas and others with value added.
Varilias went on to say that the Early Harvest Protocol signed between Peru and Thailand, which seeks to speed up liberalization of trade in goods and its additional protocols also contributes to turn Peru into a hub between eastern Asia and South America.
Eighty-eight percent of Peruvian exports to Thailand between January and October were mainly traditional products such as natural gas, zinc and copper.
Furthermore, there is an increase in the exports of non traditional products, mainly from the Fishery, Agricultural and Agribusiness sub-sectors.
Moreover, Varilias said Peru must keep working to be more competitive on an international scale, promote technological development and innovation in order to win a position in an international context.
“We have a significant availability of raw materials and natural resources which are important to promote said development,” he said. (Andina)
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