Agreement could mean a significative advantage over its main competitor in coffe sales, Colombia. It could also level the conditions with Chile, which already has an agreement of this nature.
(Agraria.pe) On february 11, the free trade agreement between Peru and Australia will be fully activated, opening a door for larger commercial exchange. In fact, between january and november of the last year, Peru exported goods to that nation just for US$ 85 million (a big fall compared with the US$ 203 million reached in the same period the previous year), stated the National Society of Foreign Commerce (ComexPeru).
According to data from the Department of Commerce and Foreing Affairs of Australia, in 2018 the prepared or canned fruit was among the top10 more imported goods from nations of the Pacific Alliance, reaching US$ 70 million; meanwhile, coffee and its substitutes accounted for US$ 46 million.
In that party, Chile represented the origin of 76.9% of fruit´s shipments, while Colombia accounted for 76.1% coffee´s shipments. Peru only participated with 6.6% and 11.2% in those fields.
CommexPeru expressed its wish that the agreement would bring a significative advantage for Peru, especially over its main competitor in coffee sales, Colombia. On the other side, it could level the conditions with Chile, which already has an agreement of this type with Australia.
Also, it could represent an opportunity for growth in other products that Peru already export and for new ones.
James Yeomans, associate mission chief of the Australian Embasy in Peru, stated that the Peruvian goods with more potential to enter the Australian market are avocado, asparagus, table grapes, blueberries, tangerines, textiles, seafood, fish flour and prepared food for animal feeding.
In exchange, Australia could sell in the Peruvian market its meat, dairy products, corn, wine, financial and educational products, besides the flux of technology and highly qualified personnel for agriculture, minning and other productive sectors.
“The commercial agreement with Australia means new opportunities for Peruvians to access a new offer of high quality goods and services, and to one of the biggest markets in the world to sale their produts and services. We expect that fishing, agriculture and textiles for exportation would be the most benefited with the agreement”, he said.
