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Switzerland commits US$10 million to Peru for trade development

Andina, Peru

Switzerland commits US$10 million to Peru for trade development

4 August 2010

Lima, Aug. 04 (ANDINA). Switzerland has committed US$ 10 million to Peru for the strengthening and development of the Andean country’s trade capacity and competitiveness, Peru’s Trade and Tourism Ministry (Mincetur) announced Tuesday.

The announcement was made following the signing of a memorandum of understanding by Peruvian Trade and Tourism Minister Martin Perez and Swiss State Secretary for Economic Affairs Jean Daniel Gerber.

According to Mincetur, the memorandum was signed in the context of the recently inked Free Trade Agreement (FTA) between Peru and the European Free Trade Association (EFTA) that includes Switzerland, Norway, Iceland and Liechtenstein.

Minister Perez said that a series of programs will be designed to be implemented starting this year through 2014.

"One is the Business Cooperation Program, aimed at creating and strengthening networks of trade support institutions in the provinces to tap the great potential in agribusiness exporters," he said.

In cooperation with the International Trade Centre, exporters will be trained in business trends, packaging and packing, as well as customs and international logistics processes.

Another program, called Peru Biodiversity, seeks the creation and development of businesses based on sustainable use of biodiversity in Peru.