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Brazil and Peru want to expand collaboration in trade and investment

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Minister Marcos Pereira received on Thursday the ambassador of Peru, Vicente Rojas. During the meeting, the minister said that Brazil’s interest in expanding cooperation with Peru in the areas of trade and investment. The ambassador, in turn, said that the Peruvian government wants to establish a long-term strategic relationship with Brazil.

In April 2016, the governments of Brazil and Peru signed two instruments aimed at greater trade integration: an agreement on economic and trade expansion and the draft Additional Protocol to ACE 58 (MERCOSUR-Peru) to accelerate the reduction schedule Rates.

The Brazilian government negotiated a bilateral agreement, that is, without the Mercosur countries, since it is negotiating non-tariff issues, which is allowed by the rules of the bloc. The agreements represent the largest package of issues already made by the Brazilian government bilaterally.

Ambassador of Peru, Vicente Rojas, received by the Minister of Marcos Pereira

Minister Marcos Pereira informed the ambassador that the Trade Agreement economic expansion is moving in the House of Representatives and the Brazilian government is interested in the adoption of the matter.

“We are committed to advancing the bilateral relationship, especially in the area of ​​trade. The MDIC closely follows the course of the agreement in Congress and will spare no effort for the instrument to be internalized in the shortest possible time,” the minister said. About the Anticipation Agreement List ACE-58, Marcos Pereira said he trusted the speed of the Peruvian government to proceed with the LAIA procedures for the agreement to take effect.

During the conversation with the ambassador Vicente Rojas, the Minister also again defended a rapprochement between the members of Mercosur and the countries of the Pacific Alliance.

Commerce

In 2016, Brazilian exports to Peru grew by 7.3% over the previous year, from $ 1.8 billion to $ 1.9 billion. The country’s share increased from 0.9% to 1.1%, ranking as the destination 27 of Brazilian exports in the year. Brazilian imports from Peru totaled US $ 1.2 billion. Peru’s share increased from 0.7% to 0.9%. The country was the foreign supplier 27 to Brazil in 2016.

Taking these figures into account, the trade balance with Peru resulted in a surplus of US $ 712.5 million. In 2015, the surplus was US $ 559.3 million. Total foreign trade (exports + imports) between the two countries amounted to US $ 3.1 billion in 2016, an increase of 3.7% over the previous year, US $ 3 billion. Peru was the 31st country with the largest traffic flow with Brazil in 2016

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