Peru’s agricultural exports to Mexico are expected to more than double in the next two years thanks to the implementation of a free trade agreement, according to the ministry of agriculture.
In 2010, Peru shipped $72.7 million in agricultural products to Mexico. The figures is expected to rise to $150 million in the next two years, state news agency Andina reported.
The main agricultural exports to Mexico from Peru include paprika, garlic, coffee, and asparagus, among others. Peru’s top 20 agricultural products sent to Mexico brought in $33.1 million last year.
Peruvian and Mexican authorities signed the trade deal on Wednesday. It is expected to come into force in July, Foreign Trade and Tourism Minister Eduardo Ferreyros said.
“Mexico is an important market and the possibilities for our small and medium companies to benefit quickly from the FTA are immense,” Ferreyros said.
