Peru’s Foreign Trade and Tourism Minister, Elizabeth Galdo, announced that discussions are currently underway with Morocco and the United Arab Emirates to finalize trade agreements, according to online newspapers.
This initiative seeks to enhance relations with both countries, aiming to diversify markets and boost exports.
“We firmly believe that we can supply these two new markets with our main non-traditional products, such as avocados, pomegranates, coffee, quinoa, squid, manufactured goods, and zinc,” said the Minister.
The same newspaper mentioned for context that Morocco has purchased over 3,521,000 kilograms of Peruvian goods, valued at more than 7 million 497 thousand dollars.
It said that this outpaces the import volumes of countries such as South Africa, Cuba, Greece, Saudi Arabia, and Cameroon, among others.
On the other hand, the UAE ranks sixth among Peru’s top buyers, having purchased over 3 million 111 thousand kilograms of goods valued at more than 987 million 39 thousand dollars this year.
This positions the UAE ahead of 156 other countries, with only China, the United States, Canada, Japan, and India receiving more shipments from Peru.
The Peruvian Minister also mentioned that other countries are interested in closer trade relations with her country.
Among these new countries, Galdo revealed names such as Turkey, the Dominican Republic, and El Salvador.
When inquired about the timeline for concluding a potential trade agreement, Galdo mentioned that Peru’s initial Free Trade Agreement (FTA) with the United States took approximately five years to complete.
However, she highlighted that the current processes are more efficient, usually requiring about one to one and a half years.
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