TPP to be most advantageous trade agreement for Peruvian SMEs

The Minister of Foreign Trade and Tourism, Magali Silva, said the Trans-Pacific Partnership (TPP) will promote the integration of small and medium-sized enterprises (SMEs) into the global market and main supply chains.


The negotiating team of Peru encouraged the incorporation of a specific chapter on SMEs in the TPP for them to obtain international trade benefits and in order to make them more competitive.


“This is the first time a chapter on SMEs is included in a trade agreement, not only in Peru but aournd the world,” he noted.


In the last decade, exporting SMEs increased in number from 5,300 to 8,000.


“The breakthrough in insertion of SMEs into international trade shows that free trade agreements are also aimed at small enterprises, which include most of the companies in Peru,” he said.


The TPP will create a Committee that will develop support programs for SMEs (including micro-sized enterprises), which will take advantage of the new trade opportunities it provides.


Each country shall establish a website to provide useful and first-hand information on how to do business with TPP’s markets.