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Peru eliminate tariffs on Vietnamese fruit

Staff writer |
Exporters of four types of Vietnamese fruit will enjoy zero tariffs on shipments to Peru immediately after the Trans-Pacific Partnership (TPP) accord takes effect, a Peruvian diplomat said.

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Vietnamese cashews, longan fruits, litchis and dragon fruits are subject to a nine percent import duty in the Latin American country, and this additional cost will be removed following the ratification of the TPP, Peruvian Charge d'Affaires Luis Tsuboyama told a forum in Hanoi.

Peru is one of three Latin countries, besides Chile and Mexico, that are party to the ambitious 12-nation trade agreement that also includes Australia, Brunei, Canada, Japan, Malaysia, New Zealand, Singapore, the U.S., and Vietnam.

The trade accord will bring huge opportunities for Vietnamese produce to penetrate the Peruvian market, according to the diplomat.