Eu Trade Agreement With Peru

“As far as trade is concerned, we can say that things are going pretty well. It is clear that trade must also benefit citizens and that is why the rules of the International Labour Organization must be respected,” Lange said after a meeting with Peruvian Foreign Minister Cayetana Aljovin on February 15. However, some producers claim that the EU trade agreement and other similar agreements have been detrimental, with the president of the Peruvian Dairy Farmers` Association (Agalep) lamenting that imported milk powder now accounts for 40% of domestic milk consumption, up from 14% in 1995. MEPs paid a two-day visit to Lima after a three-day stay in Colombia, with an intensive agenda of contacts and meetings with political and economic authorities and representatives of civil society. Although the Peruvian Network for Fair Globalization (RedGE), a Fair Trade Watchdog, says the trade deal has been positive for the country, it joined 30 other Peruvian and European organizations last October in filing a complaint with the European Commission accusing the Peruvian government of failing to meet its labour and environmental commitments. The report also highlights the progress made in other chapters, such as.B. sanitary and phytosanitary measures, including the establishment of harmonised import conditions for dairy and meat products. On sustainable development issues, the EU reported on the ratification by its Member States of ILO conventions, the remarkable progress made under multilateral environmental agreements and the steps taken to implement the commitments of the Paris Agreement. Bilateral agreements on agricultural products between three EFTA States and Peru have been concluded in parallel and are part of the instruments for the establishment of the free trade area between the two parties. Chapter 7 on public procurement deals with the procedures to be followed by a public body that procures goods, services and construction services above a certain threshold (in accordance with Annex XIII). The chapter was inspired by the WTO Agreement on Government Procurement, but adapted to the specific interests of the parties. The EFTA States signed a free trade agreement with Peru on 24 June 2010 in Reykjavik, Iceland.

Peru signed the agreement in Lima, Peru, on 14 July 2010. The Agreement entered into force on 1 July 2011 for Peru, Liechtenstein and Switzerland, on 1 October 2011 for Iceland and on 1 July 2012 for Norway. Last year, trade between Peru and the EU amounted to US$10 billion, including US$6 billion in Peruvian exports, the 28-person bloc`s ambassador to Peru, Diego Mellado, told EFE. The agreement gradually opens up markets on both sides and increases the stability and predictability of the business and investment environment. On the occasion of the anniversary of the EU trade agreement with Colombia and Peru, a delegation of Members of the European Parliament (MDEP) visited these countries last week to analyse the implementation of the agreement. The Agreement contains provisions on subsidies and anti-dumping measures affecting trade relations between the Parties, as well as on global and bilateral safeguard disciplines. The Free Trade Agreement covers a wide range of areas, including trade in goods (industrial and agricultural products), investment, intellectual property rights, government procurement and competition. The agreement provides for negotiations on a chapter on services.

Chapter 4 on services refers to the WTO General Agreement on Trade in Services (GATS). The Parties shall negotiate a fully-fledged chapter on services within one year of the entry into force of the Agreement. . . .