Honduras And Peru Increase Their Commercial Relations In 350%

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Trade relations between Honduras and Peru have increased by 350% in the last five years, said today the Peruvian ambassador, Guillermo González Arica, president of the Peruvian-Honduran Business Council, according to Xinhua News.

“We want these figures to double with the use of the Free Trade Agreement (FTA) signed between both nations and that recently came into force,” said the ambassador and business manager.

On May 29, 2015, officials from Honduras and Peru signed an FTA that became effective on January 1, 2017. In addition, González Arica reported that they are organizing a third commercial mission of Honduran businessmen to Peru to promote this agreement next August.

“What we are trying to do is promote the use of the FTA, we have increased our commercial relationship by more than 350% in the last four or five years,” he said, according to Xinhua.

Also, this media informed that Honduras has already multiplied its exports to Peru by 100%, although it doesn’t compare to what they import from Peru, which is a much higher amount.

“Peru has exported to Honduras about $82 million US dollars in 2017, and Honduras has sold a figure of less than $7 million US dollars.

Since 2015, Honduras don’t need a tourist visa to enter Peru, and vice versa.

(Source)

(Cover Photo Wikimedia Commons)

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Ermelinda Maglione

Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.