The UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) provides opportunities to deepen Peru’s strong and long-standing relationship with that country through improved trade and investment opportunities.
He stated that Minister of Foreign Trade and Tourism, Juan Carlos Mathewsand the UK Secretary of State for International Trade Nigel HuddlestonThis was stated in a joint statement after the second trade dialogue between the two countries, which was held in Lima on October 13.
The two officials welcomed the further promotion of bilateral trade and cooperation. They confirmed that, In addition to tariff reductions, the TPP allows both countries to further liberalize the trade relationship between the UK and Peru. And work to open opportunities in sectors that drive sustainable growth and prosperity.
The Ministers also agreed to continue working together as advocates for openness, fair and free trade at the multilateral level, including the World Trade Organization. They also acknowledged the progress made in boosting bilateral trade to record levels We are committed to continuing efforts to identify new opportunities and remove trade barriers.
In this sense, They asked to continue monitoring the negotiations on the double taxation agreement Which provides business certainty and encourages investment and competitiveness.
Finally, they welcomed the launch of the bilateral trade assessment on trade in goods and services, with the aim of finding ways to deepen and strengthen bilateral trade relations.
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Publication date: 10/14/2023
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