Canada was Peru’s third most important trading partner in 2023, mainly due to commodity shipments, which is why efforts are being made to improve the fluidity of bilateral trade and diversify the national supply, reported the general manager of the Association of Exporters (ADEX), Jorge Robinet Juárez.
Although there is a Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and a Free Trade Agreement (FTA) in force since August 1, 2009, last year only 10% of shipments to that country corresponded to the non-traditional sector.
In this regard, Robinet pointed out that, through the Expert Deployment Mechanism for Trade and Development (EDM) initiative with the Canadian government, the aim is to channel information of interest to more Peruvian companies with the aim of boosting the flow of trade between both nations.
This will be achieved by strengthening the capacities of ADEX collaborators who, through the Central Export Management, are responsible for the service to their associated companies and the union work agenda of the sector committees.
The first day of training was attended by the Canadian ambassador to Peru, Louis Marcotte, who highlighted the importance of public-private collaboration to generate mutually beneficial results.
“Since our FTA came into effect, Peru has become our second largest trading partner in South America (due to minerals). Bilateral business has more than doubled and Canadian investment in the country has reached more than US$15 billion in 2023,” the diplomat said.
First half of 2024
Between January and June 2024, Peruvian shipments to Canada reached US$ 1,695 million 704 thousand, a growth of 27.1%. Traditional shipments (US$ 1,525 million 446 thousand) increased by 28.5%, while non-traditional shipments (US$ 170 million 259 thousand) increased by 16%.
Among the products in the last segment, raw silver (US$ 19 million 483 thousand), grapes (US$ 14 million 004 thousand), other shrimp and decapods (US$ 9 million 899 thousand), cotton t-shirts (US$ 9 million 863 thousand) and cocoa beans (US$ 7 million 624 thousand) were identified as the 5 most prominent.
“We will work together to ensure that more and more goods and services with added value from micro, small, medium and large Peruvian companies consider the Canadian market as an important destination,” concluded the ADEX representative.
It should be noted that the Canadian consumer is characterized by his sensitivity to environmental issues and excessive consumption, which is why he is concerned about the origin and quality of products, leaning towards natural ones.
Data
-In the ranking of non-traditional shipment destinations for the first half of the year, Canada ranked 12th.
-It has an area of 9,985 million km² and a population of just over 40 million people.
