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Honduras and Peru highlight trade treaty after eight months of entry into force

Honduras and Peru highlighted today the advantages that the Free Trade Agreement (FTA) brought with it eight months after its entry into force and highlighted that both nations obtain benefits, the case of the Peruvians, which can be increased towards the future.

Tegucigalpa, Sep 12 (EFE) .- Honduras and Peru today highlighted the advantages that the Free Trade Agreement (FTA) brought with it eight months after its entry into force and highlighted that both In the "Forum: Benefits of the Free Trade Agreement between Honduras and Peru", in the "Forum: Benefits of the Free Trade Agreement between Honduras and Peru", held in Tegucigalpa, Peruvian economist Carlos Castro told Efe that the FTA with Honduras provides "stability in the rules of the game" for exporters in both countries.

that the Peruvian market is "an opportunity" for Honduran producers to increase their exports, something that until now has not been exploited "for lack of knowledge" of the country

The economist indicated that the FTA between the two countries entered into force on January 1, 2017 and that from that day, Peruvian exports to the Central American nation reached a value of 50 million dollars, while the Hondurans did not surpass 5 million.

Bilateral trade between Honduras and Peru could "be influenced positively" for some Honduran products such as tilapia, balanced foods and carton, he added.

"There is an important opportunity in the subject of tilapia and we could build an agenda, because it is a product that (the Hondurans) export to the world but are not doing to Peru, "Castro explained.

He emphasized that the FTA represents for Honduras" a potential market "because Peru has "a network of international agreements that could serve to accumulate origin for third markets."

The free trade agreement contemplates that 80% of exports will enter duty-free immediately and the rest will receive preferential treatment progressively until the elimination of their tariffs for a maximum of ten years.

executive vice president of the Honduran Export Development and Investment Foundation (FIDE), Ramón Medina, said that the FTA is "a door" for mutual benefits and invited to his compatriots to know better the Peruvian market.

He also called on Honduran businessmen to "fight ignorance" to increase trade with Peru, whose market represents a "great opportunity" for the Central American country.

Medina lamented that Hondurans "are not aware of the opportunities that exist in that market", as the country is exporting much more than it sells.

In the forum, sponsored by the Peruvian embassy in Tegucigalpa, the Peruvian ambassador José Guillermo Betancourt urged businessmen from both countries to "continue to bet" on the opening of bilateral trade.

He pointed out that Honduran entrepreneurs have "the obligation" to "go looking for new markets" beyond Central America, and highlighted that Peru is an "attractive market", as it is a "solid, serious" country with a sustained growth rate in the last 20 years.

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