Peru's President: CPTPP to strengthen decentralized growth | News – Andina – Agencia Peruana de Noticias

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will lead to strengthening the country’s decentralized growth and find new trade partners in the Pacific Basin, the

affirmed on Wednesday.

“It allows reinforcing decentralized growth, consolidating decentralization, the various products that are in the exports portfolio of these areas, thus strengthening economic activities and contributing to the progress of many regions, not of just one or two regions,” he expressed.

The Head of State specified that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) brings Peru closer to countries such as Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Singapore, and Vietnam.

These countries account for 13% of world GDP, 15% of international trade, and a potential exports market of 500 million high-income consumers, with a per capita GDP of US$29,500.

Likewise, the treaty will make it possible to reduce barriers to trade and is linked to aspects such as industrial promotion, science and technology, among others.

“In addition to giving opportunities for all of you (business and industrial guilds) and Peruvians, it allows enhancing the country’s image before the world and the Pacific Basin, thus reinforcing the internationalist vocation that our country has,” he indicated.

Furthermore, the top official pointed out that in recent decades world trade went from the Atlantic to the Pacific. Thus, Peru —with great vision— began to look at this basin as an area with which Peruvians should integrate —an objective that represents a State policy nowadays.

Within this framework, the statesman noted that signing this treaty during his last days in office meant a great satisfaction.

Moreover, the Peruvian leader highlighted the active participation of Congress, especially of Parliamentarian Gilmer Trujillo (Foreign Affairs Commission chair) for having properly handled his peers’ various points of view.

Mr. Sagasti also congratulated the teams from the Ministries of Foreign Affairs and Foreign Trade-Tourism for their coordinated work with the public, private, and academic sectors.

Lastly, the President stressed the fact that this signing takes places one week before the Independence Bicentennial (July 28, 2021), saying he is confident that the next government will have the conviction that the nation —at the beginning of its third independence cycle— is part of the international community and multilateralism.