Vietnam, An Attractive Market For Peru
The Foreign Trade Society of Peru (Comex) considers Vietnam is a very interesting market for closer trade relations and to make investments of capital from one country to the other.
For the business entity, it will be positive for Peru to reach a bilateral trade agreement.
“We must seize the opportunity to improve our relations with Vietnam, a member state of the Forum of the Asia Pacific Economic Cooperation (Apec) and the Trans-Pacific Partnership Agreement (TPPA),” Comex pointed out in a press release.
According to the available data published by the Society, between January and May 2012 Peru exported to the Vietnamese market for USD 50 million, that is to say, 79 per cent more than in the same period last year.
The highest Peruvian sale volume to Vietnam was that of fishmeal and fish oil, for USD 38.8 million and USD 697,792, respectively, reported Andina.
Meanwhile, the products from the Asian country that entered Peru were mainly footwear and frozen fish, for a total value of USD 102 million in 2011.
According to the report by Comex, traditional exports to Vietnam accounted for 82 per cent of the total shipments, achieving a value of USD 41 million between January and May 2012.
The remaining 18 per cent is made up of non-traditional exports, worth USD 9 million.
Comex states that imports of frozen fillets of tilapia and of catfish, among other fishery resources, showed a value of USD 2.9 million, while in 2011 such products had not been imported.
Category: Economy
