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Peru, EU to sign FTA on June 26 in Brussels

Bernama | June 15, 2012

Peru, EU to sign FTA on June 26 in Brussels

LIMA, June 15 — Peru’s Minister of Foreign Trade and Tourism Jose Luis Silva announced Thursday that the Multipartite Trade Agreement between the European Union, Peru and Colombia, known as Free Trade Agreement (FTA), will be signed on June 26 in Brussels, Belgium.

The announcement was made after the European Council approved the signing and provisional application of the trade deal.

Silva, who accompanied President Ollanta Humala on his trip to Switzerland, Germany, Belgium and France, met with EU Trade Commissioner Karel De Gucht to review process toward approval of the FTA.

The signing ceremony will be attended by Minister Silva and Colombia’s Minister of Commerce, Industry and Tourism Sergio Diaz-Granados.

Silva and De Gucht agreed that the pact establishes clear rules that produce mutual benefits in order to strengthen political and economic ties between Peru and the European Union and to promote two-way trade and investment.

After signing the agreement, it will be sent for internal procedures prior ratification by the European Union, Colombia and Peru.

 source: Bernama