Peru and India to focus on FTA this year

Peru and India to begin with Free Trade Agreement (FTA) negotiations in the second half of the year which is expecting relations between Peruvian and Indian businesses to grow immensely. Peruvian trade with India could reach the billions with Free trade and business developments.

That means improved processes to reach business agreements and more money for the countries living worlds apart.

At “India’s Handicraft Exhibition And Business Roundtable” the businesses, 20 Indian and 108 Peruvian, successfully made 372 business appointments. The event exposed products ranging from textiles, jewelry, ceramic tableware products and accessories from the partnering countries.

A two day conference in Peru brought together a total of 128 businesses from Peru and India to build a network of trade and entrepreneurship.

From Peruvian enterprises, businesses such as Estilos, PPPP Design, Carlo T Camusso, Plumas, Ambians, DIB Peru, and Applauzi and Rip Curl brands, among others, attended the event.

The Indian enterprises focused on women’s clothes, handbags, carpets, curtains, and decorative items, among others.

Export Promotion Council for Handicrafts (EPCH), the Indian Embassy in Lima, and the Lima Chamber of Commerce (CCL) put together the Exhibition and Business Roundtables event in order to promote exchange and trade among Peru and India.

Prior to agreements on reaching the FTA, in 2013 the total trade has surpassed USD 1.2 billion.

Manpreet Vohra, Indian Ambassador to Peru, has seen major developments between the two countries. The trade between India and Peru has doubled, although mainly in India’s favor.