Peru and 11 other countries including the United States formally signed the Trans-Pacific Partnership agreement in New Zealand on Thursday. With 12 member countries whose population of 800 million make up 40% of the world’s GDP, the TPP is the largest free trade agreement in history. Now each member state has two years to ratify the agreement. “Our non-traditional exports should grow 25% in just three sectors where Peru has major advantages such as food, alpaca textiles and fish products,” said commerce minister Magali Silva, who negotiated details of the agreement for Peru.
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Authors: PERU REPORTS