Peru becomes Canada’s top destination for exports in South America

Peru has overtaken Brazil as the largest exporter to Canada from a South American nation, state news agency Andina reported.

Peruvian exports to Canada in 2009 increased 17.3 percent to $2.76 billion, while Brazil’s exports fell 4 percent to $2.47 billion.

Peru and Canada signed a free trade deal in 2008. The agreement immediately eliminated tariffs on 97 percent of Peruvian exports to Canada, with the remaining tariffs to be phased out over three to seven years. The deal also eliminates tariffs on 94 percent of Canadian exports to Peru, with the rest to be lifted over a period of five to 10 years

Peru’s principal exports to Canada are gold, copper, asparagus and fishmeal, while its major imports are grains, machinery, electrical equipment, leguminous vegetables and paper.

In addition, Canada is one of Peru’s most important sources of direct foreign investment, primarily in the mining industry.

In Latin America, Mexico is still the largest exporter of goods to Canada, with Peru now second in the region.

Total trade between Canada and Peru in 2009 was $3.17 billion, up 16.6 percent from 2008.

Peru’s imports from Canada grew 12.6 percent to $410.7 million. Peru is the sixth most important destination in Latin America for Canadian imports.

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2 Comments

  1. Hello, I think the tittle is incorrect and it’s not an appropiate English.

    The title should be:

    ‘Peru becomes Canada’s top origin for imports from South America.’

    If I wrong, please correct to me.

  2. Roger Garcia-Marenco says:

    “Peru’s principal exports to Canada are gold, copper, asparagus and fishmeal, while its major imports are grains, machinery, electrical equipment, leguminous vegetables and paper.”

    Gold and copper production and exports do little for Peruvian economy given their special status guarantied for the treaty. Fishmeal is other export that do little for Peru and instead is a crime for Peruvian people, it is a source of top quality proteins so needed for the working and the under class, those that most needed it. The price that Canada’s Corps. pay for it is too low and even lower is the salary of those that catch it. Sardines and alike fish of the cold Humboldt stream are an extremely valuable natural resource of Peru that should be consumed by Peruvian people whose low income can’t afford other source of proteins but the oligarchs that controls that export business don’t mind it and instead are happy starving Inca’s descendants, the truly owners of the land that, like it or not. Alan Garcia knows it but he doesn’t mind, he is happy selling cheap Peru’s resources.

    Leguminous vegetables MUST BE CROPPED in Peru, a tropical country with a full variety of climates and soils. It doesn’t make sense to import it from so far and so expensive source as is Canada. Peru has climates and soils able to crop Canadian fruits and veggies that Canadians can’t crop in Fall, Winter and Spring seasons. Strawberries, Raspberries, Apples, Pears and many more, tropical fruits as well, and a great variety of veggies worthy all that tens of billions $$$ could be cropped and exported from Peru to be consumed by 33 plus millions of Canadians from all over.

    Peru truly needs an ambitious, large, hard working successful middle class to free the economy from the pawns of the oligarchy heirs of the conquest, the colony and the post colony good for nothing worthy but exploitation to keep its privileges going on for ever.

    Looks like the trade relations with Canada are a shame for Peru, thanks to Alan Garcia’s egomania, ambition and GREED. He should keep Peruvian average people’s wellbeing above any other concern and forget the oligarchy’s privileges that has, to bare bone, exploited Peruvians resources for five whole centuries so far.

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