Between July 16 and 18, 2019, the Second Round of Negotiations of a Trade Agreement between the Argentine Republic and the Republic of Peru took place in the city of Lima.
"The negotiation responds to the need to have a state-of-the-art Agreement "through which the bilateral trade relationship is consolidated and the existing legal framework is modernized (ACE 58 MERCOSUR – Peru, which established free trade in goods) through the incorporation of trade rules that provide greater certainty and new opportunities to entrepreneurs from both countries in order to facilitate and increase reciprocal trade, articulating trade agreements with effective market access measures," explained the Ministry of Foreign Affairs.
Argentina's main expectation is the negotiation of new disciplines, especially in the area of public procurement and services., as well as the discussion of issues that affect the evolution of bilateral trade flows in the agricultural and agro-industrial sector. In this way, the aim is to provide new dynamism to the bilateral trade relationship, which in 2018 reached US$ 1.350 billion, well below the potential of both economies.
In this Second Round, the Competition chapter was concluded, and the chapters on Sanitary and Phytosanitary Measures and Technical Barriers to Trade were left with a few issues under consultation or pending resolution in other chapters.
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