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FTA cause Peru exports to Korea to jump 35%

Staff writer |
Peruvian shipments to South Korea have increased by almost 35% after the signing of the Free Trade Agreement (FTA) between the two countries, Peruvian Ambassador to Seoul Jaime Pomareda said.

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In statements to Andina news agency, the diplomat informed that the sectors that have experienced the largest rise in exports were agriculture, fisheries and steel industry.

He explained that in 2010, before the Peru- Korea agreement entry into force, Peruvian exports to that country grew to $896 million.

In 2014, three years after the FTA entered into force, exports of Peru to Korea totaled $1.2 billion.

Pomareda said that products such as quinoa, maca and kiwicha can enter the Korean market, which operates a sector that is quite interested in their intellectual development and invigorating properties.

Fishing products such as eel, cuttlefish, prawns and mollusks are being acquired in large quantities by this country.

Likewise, coffee, table grapes and organic bananas are being increasingly consumed by the Korean population.

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