Japanese Ambassador Masahiro Fukukawa. (Photo: Facebook/Campana-Contigo-Japon/FIS)
Japan interested in Peruvian seafood
Monday, February 27, 2012, 02:50 (GMT + 9)
As of next 1March, when the Economic Partnership Agreement (EPA) signed between Peru and Japan comes into force, national fisheries exports will be the first to benefit from the pact, said Japanese Ambassador to the country, Masahiro Fukukawa.
Japan is interested in jumbo squid, eel, mackerel, octopus and canned anchovies, explained the Ministry of Foreign Trade and Tourism (MINCETUR).
Through the EPA, Japan offers preferential market access to 99.8 per cent of Peruvian exports, which involves 88.2 per cent of tariff lines, newspaper El Peruano reported.
Several products, such as squid, fish oil and swordfish will be able to enter the market in the Asian country with preferential access.
"We hope that with the entry into force of the EPA, the bilateral trade will be pivoted in the areas of agriculture, fishery and confection, basically non-traditional category products", said the diplomat.
Meanwhile, Fukukawa praised that in the last five years trade and economic relations between both parties have been reactivated.
"Significant progress was made, especially in commerce with a greater exchange of goods", he said.
He noted that in 2011 bilateral trade increased by 10 per cent over the previous year.
"In recent years we have seen a significant increase in Japanese investment in Peru. However, the entry into force of this agreement will encourage the business environment, allowing a greater flow of capital into the country", Fukukawa continued.
Finally, he anticipated that the agreement provides a legal framework to promote dialogue between Peruvian and Japanese authorities, therefore, a bilateral joint commission will be installed.
This team will be led by MINCETUR head, Jose Luis Silva, and the head of the Department of Economy and Cooperation of the Japanese Embassy in Peru, Katsuhito Miura.
"Once the EPA enters into force, the first joint committee meeting will be held. We will also have a permanent consultation mechanism", he explained.
- Japan and Peru signed free trade agreement
By Analia Murias