Peru-Thailand trade agreement comes into force in first half 2011
Andina, Peru
Peru-Thailand trade agreement comes into force in first half 2011
24 September 2010
Lima, Sep. 24 (ANDINA). Peru’s Ministry of Foreign Trade and Tourism (Mincetur) announced that the Early Harvest Protocol signed by Peru and Thailand in 2005 would enter into force in the first half of next year.
According to Deputy Minister of Foreign Trade, Carlos Posada, Peru and Thailand signed an Early Harvest Protocol in November 2005 as the first outcome of the negotiations they were pursuing with a view to the conclusion of a free trade agreement.
However, the implementation process was delayed because of political instability in Thailand in 2006-2009.
“These political problems forced the Thai Parliament to dissolve, and the agreement process was disrupted,” he added.
However, the items specified in the agreement changed over the years and some of them were adapted to the new situation.
He recalled that Peru-Thailand negotiations were held on the basis of the Harmonized System (HS) 2005 (HS 2005), but some custom items have been modified.
