Free Trade Agreements
(FTA) of MERCOSUR - Free Trade Agreements (FTA) of Peru
Course summary Economic Complementation Agreement between Peru and el
Southern Common Market (MERCOSUR)
MERCOSUR and Peru undertook negotiations towards a free trade agreement
within the framework agreement between the Andean Community and MERCOSUR.
Negotiations between MERCOSUR and Peru concluded on 25 August 2005 with the
signing of Economic Complementation Agreement No 58.
The main objectives of the Mercosur Peru Economic Complementation Agreement
(ACE) are:
- Establish legal and institutional framework in order to facilitate the free
movement of goods and services;
- Forming a free trade area;
- Promote and encourage investment between economic agents of the Parties;
- Promote complementarity and economic cooperation, energy, science and
technology.
The ACE 58 provides provisions and / or commitments: Trade Liberalization
Program, Rules of Origin, National Treatment, Antidumping and Countervailing the
Restrictive Practices Competition, Implementation and Use of Export Incentives,
Safeguards, Dispute Settlement, Customs Valuation Standards and Technical
Regulations, Sanitary and Phytosanitary Measures Special Promotion and Exchange
of Trade Information Services, Investment and Double Taxation, Intellectual
Property, Transportation, Technology and Scientific Supplementation, and
Evaluation and Management Agreement.
The main exports of Peru to MERCOSUR are: minerals and manufactures of
copper, zinc ore, silver, olive, lacquers, dyes, calcium phosphates, cotton
shirts, tara and dyestuffs.
Example of the course Economic Complementation Agreement
between Peru and el Southern Common Market (MERCOSUR):
The Mercosur was created by
Argentina, Brazil, Paraguay and
Uruguay in March 1991
with the signing of the Treaty of Asuncion.
Associate members: Bolivia, Chile, Colombia, Ecuador and
Peru.
Observers: Mexico.
Educational level: Continuing education / Executive education programs.
International Business
