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Peru y emiratos arabes comrcio internacional 1

Peru and the United Arab Emirates are about to start negotiations for a trade agreement that could have a significant impact on both countries. This initiative was announced by Peru’s Minister of Foreign Trade and Tourism, Juan Carlos Mathews, after a meeting with his UAE counterpart, Thani bin Ahmed Al Zeyoudi, within the framework of the 13th Ministerial Conference of the World Trade Organization (WTO13) held in Abu Dhabi.

The United Arab Emirates has become a key trading partner for Peru in the Middle East, with a market of 9.4 million potential consumers and an impressive GDP per capita of US$52,000. Its 90% dependence on food imports opens up ample opportunities for Peruvian exports, especially in the agricultural sector. This potential for trade collaboration comes at a crucial time, when both economies are seeking to diversify their trade relations and strengthen their global ties.

The relevance of Peru’s participation in WTO13 lies in the agreements and decisions being discussed, which could have important implications for international trade and, therefore, for the Peruvian economy. Peru’s commitment to the multilateral trading system has been highlighted during these discussions, as well as its active participation in key issues such as fisheries subsidies, agricultural trade reform and international trade.

Sources:

“Peru and United Arab Emirates agree to start trade negotiations”. Ministry of Foreign Trade and Tourism of Peru. February 26, 2024.
“Thani bin Ahmed Al Zeyoudi chairs 13th WTO Ministerial Conference.”

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