The Ministry of Foreign Trade and Tourism (Mincetur) announced that the Peru and El Salvador They agreed to restart negotiations to sign a free trade agreement, which would expand the opportunities of Peruvian companies in this Central American market.
According to the head of Mincetur, Desilú León, this free trade agreement will open new opportunities for Peruvian exporters, allowing them to access in preferential conditions. The official previously held a meeting with the Minister of Economy of El Salvador, María Luisa Hayem Brevé.
“The trade of goods between Peru and El Salvador He has shown a growing trend in recent years. We trust that this negotiation will allow us to further enhance these commercial flows, diversify our exports and generate new opportunities for investment and employment for our citizens, ”he said.
Meeting between Minister of Foreign Trade (Peru) and Minister of Economy of El Salvador.
Commerce between Peru and El Salvador in numbers
In the accumulated from January to November 2024, the Exports From Peru to El Salvador they grew by 44% compared to the previous year, after reaching a balance of US $ 65 million (S/247 million). In the diversification that brings together 183 exporting companies, they highlight Chemical, agricultural and metallurgical products.
On the other hand, imports from El Salvador added US $ 19 million (S/72 million), concentrated in 134 subheadings. Although traditional products such as sugar and lubricating oils led; Long steel and paper or cardboard waste showed important increases.
One of the products that the Peru It could initially export to the demand of the Central American country would be grapes, blueberries, garlic and kion, in addition to manufactured plastic and metallurgical products.
The commercial relationship between the two countries is mainly based on the export of plastic, fruits and cookies and the importation of sugar, lubricants and clothing.
The Mincetur points out that El Salvador It represents a strategic market for Peru in Central America, especially for its growing economy and an increasing demand for added products.
This Free Trade Agreement will open new opportunities for Peruvian exporters, allowing them to access a country with which we share a vision of integration and economic development in preferential conditions.
“With this agreement, we seek to consolidate a stable and predictable regulatory framework that will allow our economic operators, especially SMEs, make the most of the potential of our commercial relations,” added Minister León.
He stressed that the reduction of tariffs and trade facilitation will allow more Peruvian companies to export with greater competitiveness, diversifying their markets and contributing to the growth of employment and investment in our country.
For its part, the Minister of Economy of El Salvador stressed that the reactivation of negotiations represents a key opportunity to increase and diversify the commercial flows of goods and services between the two countries.
“This agreement will strengthen bilateral trade, facilitating the access of more Salvadoran products and services to the Peruvian market and vice versa, thus generating sustained growth and new business opportunities for our companies,” he said.
After the meeting, both ministers made a joint declaration, in which they highlighted their governments’ commitment to advance with determination in the negotiations and specify an agreement that promotes the economic growth of both countries.
The Peru Free Trade Agreement and El Salvador began to be negotiated since November 8, 2010.
Source: Larepublica
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