Home / Knowledge / News / Textiles / Peru textile exports to grow as FTA with Mexico starts
Peru textile exports to grow as FTA with Mexico starts
03
Feb '12
The Free Trade Agreement (FTA) between Peru and Mexico has come into effect this week. The FTA replaces the earlier bilateral Economic Cooperation Agreement between the two countries.

Peru-Mexico FTA will especially boost Peru's textile and garment exports as tariff preferences on textile, garment and other items have immediately become applicable.

The FTA incorporates over 12,000 products and the trade between both countries is expected to cross US$ 4,000 million by 2015.

The Agreement aims to gradually remove trade barriers, promote fair competition, facilitate the movement of goods and services and encourage investments between Peru and Mexico.

Bilateral trade between Peru and Mexico grew from US$ 414 million in 2000 to US$ 1,456 million in 2010, with average growth rate of about 13 percent per annum.

During the first 11 months of 2011, bilateral trade between the two countries was US$ 1,692 million. While Peru exported goods worth US$ 426 million to Mexico, it imported US$ 1,267 million worth of goods from the North American country.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Feb 2017

Textile industry can boost South African economy: Minister

The textile industry is one of the most strategic platforms through...

Textiles | On 27th Feb 2017

KBR bags LBED revamp contract for LG Chem's ethylene plant

KBR, Inc has bagged a technology licensing and basic engineering...

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search