Brazil and Peru commit to speeding up tariff cuts
Brazil and Peru have agreed to negotiate deals on services, government purchases, investments, and facilitated trade. The two countries have also committed to speed up the schedule for tariff cuts as laid down in the Economic Complementation Agreement 58, signed in 2005 between Mercosur and Peru. The two nations have also reiterated their pledge to avoid implementing tariff measures that would restrain bilateral commerce.
The moves were announced in Lima, after a meeting between Brazil's Development, Industry, and Foreign Trade Minister Armando Monteiro and Peru's Foreign Trade and Tourism Minister Blanca Magali Silva. Brazil and Peru have also agreed to promote commercial meetings between small-, medium-, and large-sized businesses in the two countries.
Armando Monteiro said some of the agreements should be forged still this year during President Dilma Rousseff's visit to Peru. According to Monteiro, Peruvian companies have full access to the Brazilian market, and current conditions favor the advancement of integrated production, as the two economies are complementary to each other.
“We can set up production chains in several sectors, and the governments must make it easy for the private enterprise in the two countries to identify opportunities for integration. Peru can be a major provider of goods for the Brazilian Amazon, as the infrastructure of highways makes it possible for the country to serve as a the basis for providing supplies,” Monteiro said.
The Peruvian minister said that Peru Tech Brasil, a consortium of small- and medium-scale Peruvian companies in São Paulo, might become a platform for exports throughout Latin America.
Translated by Fabrício Ferreira
Fonte: Brazil and Peru commit to speeding up tariff cuts
