July 28, 2010
Finishing touches to make for Peru-Korea FTA
The Peruvian Ministry for Foreign Trade and Tourism (Mincetur) announced that the Free Trade Agreement (FTA) with South Korea does not require a new round of negotiations, as only some minimal details remain to be seen.
The outstanding issues are linked to the chapters on the sanitary and phytosanitary measures and services.
"For example, within the chapter related to services, we needed to define the issue of temporary entry, i.e. the number of years of experience that a technician must have to be able to access a job in another country," said Foreign Trade Vice Minister Eduardo Ferreyros.
During the negotiations held during July in Washington, US, it was believed that Korea would accept the Peruvian proposal on the issue of fishing products, in relation to the origin of catches.
"Often there are problems in the areas of the ocean where many countries fish, so we proposed to consider only the catches made by vessels with correct registration and flags from the parties," said Ferreyros.
He added that the legal review of the agreement could be short, but no less than four months.
The signing of the agreement could be ready during the first quarter of 2011.
