Country Rankings - Peru
Sep 05, 2013 Peru: being PacificPace Mr Lamy, it has been a good week for trade, in fact. Chile, Peru, Colombia and Mexico, constituting the "Pacific Alliance," have committed themselves to a tariff-free zone, probably coming into force in 2014, which will later be joined by Costa Rica and Panama. Separately, Canada and Turkey agreed to set up a joint economic and trade committee as part of a broader agenda for strengthening their trade and investment relationship, and mapped out an ambitious and comprehensive free trade agreement. And in Brunei, the trade ministers of the countries negotiating the extended Trans-Pacific Partnership (TPP) – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States – reaffirmed their commitment to conclude the treaty by the end of this year. A joint statement said that: "particular areas of focus have included matters related to market access for goods, services/investment, financial services, and government procurement as well as the texts covering intellectual property, competition, and environmental issues." The meeting marked the start of the 19th round of negotiations, and the first one in which Japan has full participation.