Living in Peru : your everyday companion

Also, with the Sanitary and Phitosanitary Measures chapter of the PTPA, both Peruvian and American agencies that regulate the requirements for the access of agricultural products in their territories, will work together towards building common standards that will imply recognition of the authority of its counterpart. So, when importing or exporting fresh products, for example, it will be much easier since the requirements will be concentrated on having the right certification by the national sanitary authority of origin. Also, the chapter establishes the conformation of a Task Group dedicated to the discussion of those regulations that might be so specific that it negatively affects bilateral trade between both countries.

In terms of trade facilitation, the PTPA also will contribute tremendously to a faster dispatch of goods at customs. Nowadays, the process of entering imported goods into national territory takes almost up to seven days. But once the PTPA is implemented, and the measures for modernizing the Peruvian Customs Office have been executed, this process will then be reduced to no more than 2 days. And in the case of express deliveries (case of courier services) it will take no longer than 6 hours.

In conclusion, the investment climate will be improved, because new rules for doing business will be established. And it will be a set of rules that will bring Peru into a more competitive state. Certainly it will help reducing costs for starting a new business locally and thus attract more foreign and local investment. These are only a few samples of what to expect after the PTPA is fully implemented. Nowadays we must focus precisely on that: the prompt implementation of the agreement.

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1 Comments

# Jeff Endean says :
8 May, 2008 [ 05:16 ]

I am hoping to buy a US-made auto in Peru, but the prices sure haven't dropped to reflect the fact the duty/tariff is being phased out.  Does anybody know the time frame for this?
Jeff

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