FTAs signed with Panama, Venezuela may come into force in April
20 February 2012
Lima (ANDINA). Peru’s Ministry of Foreign Trade and Tourism (Mincetur) announced Monday that the Free Trade Agreements (FTA) signed by Peru with Panama and Venezuela will come into force in April.
Regarding the FTA signed with Panama, Deputy Trade Minister Carlos Posada said Mincetur has sent a report to the Peruvian Ministry of Foreign Affairs and other sectors about the implications of such trade agreement.
Posada went on to say that the Ministry of Foreign Affairs will then decide if the FTA is sent to the Peruvian Congress or if it comes into force by a supreme ordinance.
“We believe that this agreement will not be sent to the Congress as it is similar to other FTAs that were not sent to the Parliament,” the deputy minister told Andina news agency.
Regarding the agreement signed with Venezuela, Posada said that it is being revised and the idea is that it comes into force through a supreme decree.
“This agreement must be coming into effect in April, as well as the FTA with Panama,” he said.