Identifier
Created
Classification
Origin
09LIMA985
2009-07-09 21:43:00
UNCLASSIFIED
Embassy Lima
Cable title:
JUNE TRADE AND INVESTMENT BRIEFS
how-toVZCZCXRO3613 RR RUEHAO RUEHCD RUEHGA RUEHGD RUEHGR RUEHHA RUEHHO RUEHMC RUEHMT RUEHNG RUEHNL RUEHQU RUEHRD RUEHRG RUEHRS RUEHTM RUEHVC DE RUEHPE #0985 1902143 ZNR UUUUU ZZH R 092143Z JUL 09 FM AMEMBASSY LIMA TO RUEHC/SECSTATE WASHDC 0861 INFO RUEHWH/WESTERN HEMISPHERIC AFFAIRS DIPL POSTS RUCPDOC/DEPT OF COMMERCE WASHINGTON DC RUEHRC/DEPT OF AGRICULTURE WASHINGTON DC RHEBAAA/DEPT OF ENERGY WASHINGTON DC RUEATRS/DEPT OF TREASURY WASHINGTON DC RUEHC/DEPT OF INTERIOR WASHINGTON DC RHEHAAA/NATIONAL SECURITY COUNCIL WASHINGTON DC RUEAIIA/CIA WASHDC
UNCLAS LIMA 000985
SIPDIS
COMMERCE FOR 4331/MAC/WH/MCAMERON
TREASURY FOR MEWENS
USTR FOR BHARMAN AND MCARRILLO
E.O. 12958: N/A
TAGS: ETRD EINV ECON EFIN USTR PE
SUBJECT: JUNE TRADE AND INVESTMENT BRIEFS
SUMMARY
-------
UNCLAS LIMA 000985
SIPDIS
COMMERCE FOR 4331/MAC/WH/MCAMERON
TREASURY FOR MEWENS
USTR FOR BHARMAN AND MCARRILLO
E.O. 12958: N/A
TAGS: ETRD EINV ECON EFIN USTR PE
SUBJECT: JUNE TRADE AND INVESTMENT BRIEFS
SUMMARY
--------------
1. This is an update on the following trade and investment news
from Peru:
Trade
-- FTA with Canada - Peruvian Congress Approved
-- FTA with Japan - First Round Completed
-- FTA with S. Korea - Third Round Held
Investment
-- Toyota Markets Hybrids to Peru
-- Nextel Awarded Concession
FTA WITH CANADA - PERUVIAN CONGRESS APPROVED
--------------
The Peruvian Congress approved the Free Trade Agreement (FTA) signed
with Canada. The Ministry of Foreign Trade and Tourism (MINCETUR)
announced the agreement will likely go into effect in August.
Canada and Peru signed the agreement in May 2008 both countries also
signed an Agreement on Labor Cooperation and an Agreement on the
Environment. The FTA covers market access in goods, services,
investment, government procurement, and dispute settlement, among
others. The main products that will enter with zero tariffs include
barley, wheat and beef, footwear, rubber or plastic, vegetables such
as asparagus, broccoli, cauliflower, cabbage, carrots, garments and
clothing accessories, footwear with leather or textiles, footwear,
knitted, bags, orchids, fruit preparations, tomatoes, liquefied
natural gas (LNG) and others. Canada will recognize the name "Peru
Pisco" as a geographical indication of Peru and Peru will recognize
Canadian Whiskey, Canadian Whiskey Rye, Whiskey Canadian, and
Whiskey Canadian Rye, as indications of Canada.
FTA WITH JAPAN - FIRST ROUND COMPLETED
--------------
Peru and Japan held their first round of negotiations for an FTA in
Lima during the first week of June. Negotiators made significant
advances. The second round will be held in Tokyo, the week of July
6.
FTA WITH S. KOREA - THIRD ROUND HELD
--------------
During the week of June 29, Peru and South Korea held their third
round of negotiations in Seoul. Negotiations have been moving
rapidly and will likely be completed at the fourth round of
negotiations. Last year, minerals represented 86.9 percent of
Peruvian exports to South Korea. With this agreement, the two
countries hope to increase the percentage of non-traditional
Peruvian exports.
TOYOTA MARKETS HYBRIDS TO PERU
--------------
The local media reported that Peru will be the first country in
Latin America where Toyota plans to market its hybrid cars.
Beginning in July, Toyota will introduce the Prius 2009 to the
Peruvian market.
NEXTEL AWARDED CONCESSION
--------------
Peru's Private Investment Promotion Agency (ProInversisn) has
awarded the concession of public telecommunication services to
Nextel Peru. Nextel Peru, along with Telefonica Moviles and America
Movil, is one of three companies providing mobile network services
in Peru.
NEALON
SIPDIS
COMMERCE FOR 4331/MAC/WH/MCAMERON
TREASURY FOR MEWENS
USTR FOR BHARMAN AND MCARRILLO
E.O. 12958: N/A
TAGS: ETRD EINV ECON EFIN USTR PE
SUBJECT: JUNE TRADE AND INVESTMENT BRIEFS
SUMMARY
--------------
1. This is an update on the following trade and investment news
from Peru:
Trade
-- FTA with Canada - Peruvian Congress Approved
-- FTA with Japan - First Round Completed
-- FTA with S. Korea - Third Round Held
Investment
-- Toyota Markets Hybrids to Peru
-- Nextel Awarded Concession
FTA WITH CANADA - PERUVIAN CONGRESS APPROVED
--------------
The Peruvian Congress approved the Free Trade Agreement (FTA) signed
with Canada. The Ministry of Foreign Trade and Tourism (MINCETUR)
announced the agreement will likely go into effect in August.
Canada and Peru signed the agreement in May 2008 both countries also
signed an Agreement on Labor Cooperation and an Agreement on the
Environment. The FTA covers market access in goods, services,
investment, government procurement, and dispute settlement, among
others. The main products that will enter with zero tariffs include
barley, wheat and beef, footwear, rubber or plastic, vegetables such
as asparagus, broccoli, cauliflower, cabbage, carrots, garments and
clothing accessories, footwear with leather or textiles, footwear,
knitted, bags, orchids, fruit preparations, tomatoes, liquefied
natural gas (LNG) and others. Canada will recognize the name "Peru
Pisco" as a geographical indication of Peru and Peru will recognize
Canadian Whiskey, Canadian Whiskey Rye, Whiskey Canadian, and
Whiskey Canadian Rye, as indications of Canada.
FTA WITH JAPAN - FIRST ROUND COMPLETED
--------------
Peru and Japan held their first round of negotiations for an FTA in
Lima during the first week of June. Negotiators made significant
advances. The second round will be held in Tokyo, the week of July
6.
FTA WITH S. KOREA - THIRD ROUND HELD
--------------
During the week of June 29, Peru and South Korea held their third
round of negotiations in Seoul. Negotiations have been moving
rapidly and will likely be completed at the fourth round of
negotiations. Last year, minerals represented 86.9 percent of
Peruvian exports to South Korea. With this agreement, the two
countries hope to increase the percentage of non-traditional
Peruvian exports.
TOYOTA MARKETS HYBRIDS TO PERU
--------------
The local media reported that Peru will be the first country in
Latin America where Toyota plans to market its hybrid cars.
Beginning in July, Toyota will introduce the Prius 2009 to the
Peruvian market.
NEXTEL AWARDED CONCESSION
--------------
Peru's Private Investment Promotion Agency (ProInversisn) has
awarded the concession of public telecommunication services to
Nextel Peru. Nextel Peru, along with Telefonica Moviles and America
Movil, is one of three companies providing mobile network services
in Peru.
NEALON