Peru-MERCOSUR Agreement

Syllabus of the Subject: Economic Complementation Agreement between Peru and the MERCOSUR

1. Introduction to the Economic Complementation Agreement between Peru and the MERCOSUR (Southern Common Market) (ACE 54 and 55)
2. Foreign Trade (Import, Export) between Peru and the MERCOSUR
3. Rules of Origin of the Peru-MERCOSUR Agreement

Sample: Peru-MERCOSUR Economic Complementation Agreement (FTA)

Description: Economic Complementation Agreement between Peru and the MERCOSUR

The MERCOSUR (Argentina, Brazil, Paraguay, Uruguay, and Venezuela - Suspended) and Peru begin negotiations towards a Free Trade Agreement (FTA) within the framework agreement between the Andean Community and the MERCOSUR.

The negotiations between the MERCOSUR and Peru finished in 2005 with the signing of the Economic Complementation Agreement No 58.

The main objectives of the MERCOSUR-Peru Economic Complementation Agreement (ACE) are:

1. To set up a legal and institutional framework to facilitate the free movement of the export products and services
2. To create a free-trade area
3. To promote the foreign direct investment between economic agents of Peru and the Southern Common Market (MERCOSUR)
4. To promote the complementarity and economic cooperation, trade, energy, science, and technology

The MERCOSUR-Peru Economic Complementation Agreement 58 covers

1. External Trade Liberalisation Programme
2. Sanitary and Phytosanitary Measures
3. Rules and certificate of origin
4. National Treatment
5. Anti-dumping and Countervailing
6. Export Incentives
7. Safeguards
8. Intellectual Property Rights (IPR)
9. Customs Valuation Standards and Technical Regulations
10. Special Promotion
11. Exchange of Trade Information Services
12. Foreign Direct Investment (FDI)
13. Double Taxation
14. Transport
15. Technology and Scientific Supplementation
16. Dispute Settlement

International Trade between Peru and the MERCOSUR

The main Peruvian exports to the MERCOSUR are minerals and copper manufactures, calcium phosphates, cotton shirts, zinc ore, silver, olive, lacquers, and dyes and dyestuffs.

The Free Trade Agreement (FTA) between Peru and the MERCOSUR belongs to the Latin American Economic Area (Western-Christian Civilisation).

1. MERCOSUR Free Trade Agreements (FTA): India, Egypt, European Union, Southern African Customs Union, Andean Community, Mexico, Chile, ALADI...
2. Peruvian Free Trade Agreements: Andean Community (European Union, EFTA), APEC, ALADI, China, Singapore, Chile, United States, Canada, South Korea...