The agreement is based on one signed in 2013 with the European Union to preserve the tariff preferences upon the UK’s announcement to exit the EU. However, adjustments were made in order to maintain trade between the nations which represent more than $700 million US dollars for Peru.
“This trade agreement is a key element so that trade flows between Ecuador, Colombia, Peru and the United Kingdom”, said Peru’s Foreign Trade Minister Edgar Vásquez, after the signing of the agreement in Quito.
In 2018, Peru was the second-largest fruit supplier in the United Kingdom. It is also the first avocado supplier, the third mango and blueberry and fourth of fresh grapes to this nation.
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