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TPP Negotiations Make 'Better-Than-Expected' Progress 5/22/2012 The Office of the United States Trade Representative has confirmed that
the twelfth round of negotiations, held recently outside Dallas, Texas, on the
proposed extension to the Trans-Pacific Partnership, between Australia,
Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the US and Vietnam, made
better-than-expected progress.
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Peru, Korea Cement Economic Ties 5/17/2012 Peru's President Ollanta Humala recently met with his Korean counterpart, Lee
Myung-bak, in the South Korean capital, Seoul, to sign a double tax agreement,
and agree further areas for cooperation following the conclusion of a free trade
agreement in 2011.
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US Issues Annual IPR Country Report 5/3/2012 The Office of the United States Trade Representative has released its annual
‘Special 301 Report’ on the perceived adequacy and effectiveness of
US trading partners’ protection and enforcement of intellectual property
rights (IPR).
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Kirk Explains US Asia-Pacific Trade Policy 5/1/2012 In remarks at Singapore Management University, the United States Trade Representative
Ron Kirk described the Administration’s broad trade policy in the Asia-Pacific region
as using the Trans-Pacific Partnership to make further progress with its
trading partners around the Pacific Rim.
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Minister Promotes Canada, Peru Trade 4/16/2012 Canada's Minister of International Trade has been promoting the benefits of a deepened Canada-Peru trade and investment partnership, stressing that the relationship creates jobs, prosperity and positive change.
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Results Of Annual US Review Of Telecommunications Trade Agreements 4/10/2012 United States Trade Representative Ron Kirk has announced the results of
the 2012 annual review of the operation and effectiveness of telecommunications
trade agreements under Section 1377 of the Omnibus Trade and Competitiveness Act
of 1988.
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APEC Focuses On Trade And Investment 4/6/2012 The Asia-Pacific Economic Cooperation is moving ahead with cooperative
efforts to evaluate and identify initiatives to support freer, faster and more
beneficial trade in the region that will lead ultimately, it is hoped, to a Free
Trade Area of the Asia Pacific.
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WTO Members Pressure Argentina On Trade Policy 4/9/2012 At the Council for Trade in Goods meeting on March 30, 2012, fourteen World Trade Organisation members jointly
expressed their deepening concern about Argentina’s import-licensing measures, which were said to have significantly restricted trade flows.
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Peru To Boost Tax Take 3/22/2012 Peru's Finance Minister Luis Miguel Castilla has announced that Peruvian authorities
are to target non-compliant taxpayers, aiming to boost the tax take by 2.5%
of gross domestic product within a four-year period, whilst maintaining tax rates.
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TPP Talks Make Further Headway 3/14/2012 The Office of the United States Trade Representative has stated that the
prospective Trans-Pacific Partnership free trade partners – Australia,
Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, the US, and
Vietnam – made further strong headway during the recent eleventh round of
negotiations in Melbourne.
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Japan, Peru EPA In Force 3/6/2012 Japan and Peru have ratified the Economic Partnership Agreement signed between
the two nations in January 2012, so that the agreement, akin to a Free Trade
Agreement, entered into force on March 1, 2012.
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APEC Business Leaders Push Asia-Pac FTA 2/29/2012 The Business Advisory Council of the Asia-Pacific Economic Cooperation is focused on taking further steps towards realizing the goal of an integrated
Asia Pacific economy, and on liberalizing and facilitating trade and investment,
leading ultimately to a Free Trade Area of the Asia Pacific.
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Japanese TPP Negotiations Depends On US Go-Ahead 2/28/2012 While the Japanese government has now concluded a first round of talks with each
of the nine countries that are presently in negotiations for an extension to the
Trans-Pacific Partnership, it is becoming apparent that it
will be up to the United States to make the final decision whether to allow Japan
to join those negotiations.
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Peru Re-Opens Doors To Canadian Cattle 2/24/2012 Peru has agreed to re-open its doors to Canadian cattle imports, a move Canada says sets the stage for greater market access.
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Canada, India Conclude Latest FTA Talks 2/17/2012 Canada and India hope to complete negotiations on a comprehensive economic partnership agreement in 2013, ministers say, as the latest round of trade talks concludes.
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Peru's Tax Revenues Soar 2/9/2012 Peruvian tax revenues increased by 13.4% in real terms as a result of the country's
strong economy and efforts to tackle tax evasion, with full-year revenues amounting to PEN75.5bn (USD28.1bn), Peru's tax authority, SUNAT has reported.
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Peru, Mexico FTA Comes Into Force 2/3/2012 An updated free trade pact between Peru and Mexico, which will increase the number
of tariff items with preferences attached to 12,000, entered into force on February
1, 2012.
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Japan-Peru EPA To Take Effect On March 1 1/27/2012 After an exchange of notes, the Economic Partnership Agreement between Japan
and Peru, which promotes the liberalization and facilitation of trade in goods
and services between the two countries, will enter into force on March 1, 2012.
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Telefonica Pays Peruvian Back Taxes 1/11/2012 Spanish telecommunications company Telefonica has said it has paid back taxes
worth PEN134.3m (USD49.9m) to the Peruvian tax authority despite an ongoing legal challenge
against the agency's claim for PEN2bn in back taxes.
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US Confirms TPP Not Aimed Against China 1/9/2012 At the Center for Strategic and International Studies in Washington to launch
a speaker series entitled the "Trans-Pacific Partnership: Recovery
through Growth in Asia and the Next Generation of Regional Trade Agreements",
the Deputy National Security Adviser Michael Froman said that the proposed extension to the TPP is not directly aimed against the interests of China.
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Outlook Worsens For Caribbean, Latin America 1/4/2012 New reports from the Inter-American Development Bank and the Economic Commission
for Latin America and the Caribbean say the region has demonstrated marked
economic gains during the past year, but risks remain significant looking
ahead to 2012.
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Peru Mulls Junk Food Tax 1/4/2012 The Peruvian government has announced proposals to introduce a tax on unhealthy
food to help fund the nation's healthcare budget.
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Mercosur Announces Protectionist Import Duty Hikes 1/4/2012 The South American trade bloc, Mercosur is to slap the maximum rate imposable, 35%, on the import of one hundred additional goods, likely on a temporary basis until December 2014, Brazil's
Minister for Finance has announced.
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Canada Notes Significant Progress On Free Trade In 2011 12/28/2011 The Canadian government has noted the conclusion of a productive third round of
negotiations with India towards a free trade agreement, in talks in Delhi and
at the Eighth Ministerial Conference of the World Trade Organisation, rounding off a hugely sucessful year for Canada in its quest to achieve freer trade links with its trading partners.
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Guatemala, Peru Conclude FTA 12/19/2011 Following the conclusion of negotiations in November, the governments of Peru
and Guatemala have signed a bilateral Free Trade Agreement to temporarily reduce
tariff barriers to trade.
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Japan Ratifies Peruvian Free Trade Pact 12/14/2011 Japan's parliament has ratified the pending free trade agreement signed with
Peru, follow the pact's signature in May 31, 2011.
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US Puts Green Issues Within TPP Negotiations 12/8/2011 In a prepared statement, the Deputy United States Trade Representative, Demetrios
Marantis, has introduced a ‘green paper’ on how environmental initiatives
are being forwarded within the Trans-Pacific Partnership negotiations.
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APEC Approves Cross-Border Privacy Rules 11/18/2011 The Asia-Pacific Economic Cooperation group has approved a new initiative to harmonize cross-border data privacy protection, which is designed to enhance the protection of consumer data that moves between its members, including the United States, at a time when more consumer information is moving across national borders.
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APEC Looks At Regional Economic Integration 11/17/2011 Under the chairmanship of US President Barack Obama, the leaders of the Asia-Pacific
Economic Cooperation group, at their recent meeting in Hawaii, adopted the ‘Honolulu
Declaration’, which looks towards a 'seamless regional economy',
by strengthening regional economic integration and expanding trade, promoting
green growth, and advancing regulatory convergence and cooperation.
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TPP Participants Reach Outline Agreement 11/16/2011 Following talks on the sidelines of the Asia-Pacific Economic Cooperation Leaders Meeting in Honolulu, the countries negotiating the proposed extension
to the Trans-Pacific Partnership - Australia, Brunei Darussalam, Chile,
Malaysia, New Zealand, Peru, Singapore, the United States and Vietnam –
announced they had reached the broad outlines of an agreement.
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Strong Progress Made In TPP Talks 11/1/2011 On October 28, 2011, the United States and its Trans-Pacific Partnership partners - Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore,
and Vietnam - concluded a ninth round of negotiations in Lima, Peru.
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Study Points To Mutual Benefits For APEC And TPP 10/28/2011 Despite the different nature of their negotiations, a study prepared by the Policy
Support Unit of the Asia-Pacific Economic Cooperation has explored how APEC and
the Trans-Pacific Partnership can be mutually beneficial.
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Peru Enacts Mining Tax Overhaul 9/30/2011 Peruvian President Ollanta Humala welcomed the supportive stance of the nation's
mining industry upon enacting measures to reform the country's mining tax regime
at a ceremony on September 29, 2011.
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Peruvian Mining Tax Overhaul Approved 9/27/2011 Peru has adopted a law revising the tax treatment of the country's mining industry, altering the basis of taxation and increasing the sector's contribution to government coffers.
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US Points To Progress In TPP Negotiations 9/22/2011 A statement from the Office of the United States Trade Representative has disclosed
that the nine countries involved in negotiating the extended Trans-Pacific Partnership– the United States, Australia, Peru, Vietnam, Malaysia, New Zealand,
Chile, Singapore and Brunei – have made progress in a further round of negotiations
in Chicago.
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Canadian Government Explains Benefits Of EU FTA 9/19/2011 Canada’s Minister of International Trade and Minister for the Asia-Pacific Gateway has been explaining the government’s intention to forge ahead with an ambitious job-creating, pro-trade plan, which includes the conclusion of a free trade agreement with the European Union.
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Caribbean Territories Sign Up To Anti-Corruption Drive 9/15/2011 A number of offshore Caribbean territories have notified their consent to receive
on-site visits to evaluate their compliance with the Inter-American
Convention against Corruption.
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Switzerland Tops WEF Competitiveness Index 9/9/2011 Switzerland tops the overall rankings in the Global Competitiveness Report for 2011-2012,
released on September 7 by the World Economic Forum.
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European Commissioner Reviews IPR Policies 9/12/2011 During a speech in Brussels on international trade and intellectual property rights,
Karel De Gucht, the European Commissioner for Trade, stressed his commitment to
ensure effective protection of those rights both within the European Union and abroad.
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Peru Agrees New Royalties With Mining Firms 8/23/2011 Peru has finalized plans to apply higher royalties to companies with mining
operations in the nation.
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South Korea-Peru FTA To Take Effect 7/27/2011 The bilateral free trade agreement between South Korea and Peru, which was signed in March this year in Seoul, and was then ratified by South Korea's National Assembly late last month, will take effect on August 1.
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Peru's President-Elect Talks Mining Tax 7/14/2011 The taxation of mining companies in Peru is 'an issue of corporate social responsibility', President-elect Ollanta Humala has said, confirming that he will hold talks with the owners of mining companies.
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South Korean Parliament Approves FTA With Peru 7/5/2011 The bilateral free trade agreement between South Korea and Peru, which was
signed on March 21 in Seoul, has now been ratified by South Korea's National Assembly,
after previously being passed by the foreign affairs and trade committee.
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Further Progress Reported At TPP Talks 6/29/2011 A statement from the Office of the United States Trade Representative has disclosed
that the nine countries involved in negotiating the extended Trans-Pacific Partnership have successfully concluded the seventh round of their
negotiations in Ho Chi Minh City, Vietnam.
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EFTA Unveils Progress On FTAs 6/23/2011 Following a recent gathering of European Free Trade Association ministers
in Schaan, the Liechtenstein administration announced details of the signing of
a free trade agreement with Hong Kong.
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Portugal Begins New DTA Negotiations 6/21/2011 The Portuguese government is seeking to expand its tax treaty network, beginning negotiations with three new countries over the last month: Peru, Gabon and Senegal.
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Peru Expands Regional FTAs 6/1/2011 Peru has added to its treaty network, signing new free trade agreements with Panama and Costa Rica.
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Trade Policy Crucial To LatAm, EU Partnership 5/26/2011 A successful trade policy is one of the key tools with which a continuing bi-regional partnership is to be achieved, the Euro-Latin Parliamentary Assembly has argued, setting out what it sees as the prospects for trade relations between the European Union and Latin America.
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APEC Stresses Doha Urgency 5/24/2011 A major negotiating breakthrough is required if the Doha Round is to reach a successful conclusion, with many gaps remaining unbridgeable, the Asia-Pacific Economic Cooperation organization has said.
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TPP Negotiators Take Stock Of Progress 5/25/2011 Trade ministers from the nine countries involved in negotiating the extended Trans-Pacific
Partnership – the United States, Australia, Peru, Vietnam, Malaysia,
New Zealand, Chile, Singapore and Brunei – have met to take stock of progress
made so far and to consider the path forward as they seek to conclude a high-standard,
regional trade agreement.
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Japan Delays TPP Decision 5/23/2011 As a further consequence of the earthquake and tsunami in March this year, it
has now been officially confirmed that Japan’s decision on whether to join
the Trans-Pacific Partnership will be delayed beyond its expected June deadline.
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Switzerland, Peru Initial DTA 5/19/2011 Switzerland and Peru have recently concluded negotiations on a new double taxation
agreement and have initialled the agreement, according to the Swiss Federal
Administration.
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LatAm & Caribbean Sees Influx Of Foreign Direct Investment 5/9/2011 Latin America and the Caribbean saw a 40% increase in Foreign Direct Investment during 2010, with a further upsurge of 15% - 20% expected in 2011, according to a new report by the Economic Commission for Latin America and the Caribbean.
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Latin America's 'Decade Of Opportunity' Discussed 5/4/2011 Latin America's emergence as an important area of interest for trade and investment has been highlighted over the course of two recently held events. Delegates at an influential forum have argued that the region has a "decade of opportunity" ahead of it, while a round table discussion on relations with the European Union stressed that a unique chance exists for the strengthening of such ties.
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APEC Business Leaders Call For Free Trade Deal 5/3/2011 The APEC Business Advisory Council, formed of business leaders from the
21 economies of the Asia-Pacific Economic Cooperation have recommended,
during a recent meeting in Seoul, that concrete steps should be taken to realise
a Free Trade Area of the Asia-Pacific.
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Pakistan, India Discussing Bilateral Trade Resolutions 4/29/2011 India and Pakistan engaged in talks on April 27-28 to discuss hurdles to bilateral
trade under the South Asian Free Trade Area pact.
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Latin American Trade Bloc Deal Draws Closer 4/29/2011 Latin American nations look set to draw their trade regimes closer together, as Mexican, Chilean, Colombian and Peruvian ministers gathered in Lima to press forward with the signing of a free trade bloc agreement.
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Peru, Mexico Agree New Free Trade Deal 4/11/2011 After five years’ negotiation, Mexico and Peru have signed an agreement to expand
the number of products that are exempt from trade tariffs, described
by Peruvian President Alan Garcia as a key step towards concluding a more ambitious
four-party free trade pact to include Chile and Colombia.
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USTR Reports Strong Progress In TPP Talks 4/6/2011 The Office of the United States Trade Representative has confirmed that
the United States and its Trans-Pacific Partnership partners - Australia,
Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam
- made considerable progress in their sixth round of trade agreement negotiations
held recently in Singapore.
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Peru Targets April Signing For Mexican FTA 4/4/2011 Peru’s Vice Minister of Foreign Trade, Carlos Posada has said that the
government is doing its utmost to achieve the signing of the Free Trade Agreement
being negotiated with Mexico, stating that an April signing is workable if the
countries can agree final terms.
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Clinton Pushes US Free Trade Agenda At APEC 3/14/2011 During remarks to senior officials from the Asia Pacific Economic Cooperation Forum in Washington, Hillary Rodham Clinton, the Secretary of State, emphasized
the strong commitment of the United States government to free trade in the region,
as long as it is fair, transparent and 'delivers results to the American
people.'
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Mexico To Strengthen Regional Trade Ties 3/11/2011 Latin American countries have been looking to deepen their free trade arrangements and to further trade negotiations, with the Mexican economy minister providing evidence before the senate on the matter.
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WIPO To Support South American Patent Collaboration 3/7/2011 The World Intellectual Property Organization has responded positively to
a request by a group of nine South American countries – Argentina, Brazil,
Chile, Colombia, Ecuador, Paraguay, Peru, Suriname and Uruguay – to assist
in their efforts to improve services to local and international users of their
intellectual property system.
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TPP Talks Make Progress 2/23/2011 The Office of the United States Trade Representative has confirmed that
the United States and its Trans-Pacific Partnership partners – Australia,
Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam
– concluded their fifth round of negotiations in Santiago, Chile, marking
continued progress toward the goal of developing a trade agreement.
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Peru Approves VAT Cut 2/14/2011 In an attempt to reduce inflation and stimulate economic growth in the economy,
Peru’s parliament has approved the government’s proposal to reduce
both the country’s value added tax and its tax on financial transactions.
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Japan Sticks To Timetable For TPP Decision 1/21/2011 Banri Kaieda, Japan’s new Trade Minister after Prime Minister Naoto Kan’s
recent ministerial reshuffle, has confirmed that the government will not bring
forward its deadline for deciding whether to join the Trans-Pacific Partnership.
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Peruvian Tax Change Means Exchange Merger Go-Ahead 1/6/2011 The Peruvian parliament has approved a reduction in capital gains tax, which will
allow a proposed merger of the Peruvian, Colombian and Chilean stock exchanges
to be completed.
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South Korea Seeks FTA With Mercosur 1/4/2011 Following a meeting in Brazil between the new Brazilian President, Dilma Rousseff,
and South Korea’s Prime Minister, Kim Hwang-sik, it was disclosed that the
latter had emphasized South Korea’s willingness to begin free trade agreement negotiations with Mercosur.
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TPP Negotiations Continue 12/9/2010 Negotiating groups comprised of teams from the nine Trans-Pacific Partnership countries are meeting in New Zealand throughout the week to discuss a range of trade and investment issues.
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S Korea Initials FTA With Peru 11/19/2010 A bilateral free trade agreement between South Korea and Peru has recently
been initialled in the presence of the countries’ respective presidents,
Lee Myung-bak and Alan Garcia.
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Momentum For Trans-Pacific Partnership 11/18/2010 Meeting recently on the margins of the APEC meeting in Yokohama, the leaders of
the countries participating in negotiations for the proposed Trans-Pacific Partnership welcomed the solid progress made so far in the talks aimed at negotiating
the regional trade deal, and resolved to seek to conclude the ambitious agreement
as swiftly as possible.
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APEC Commits To Free Trade 11/12/2010 Trade and foreign ministers of the 21 Asia-Pacific Economic Cooperation member nations recommended the extension of the commitment to a standstill on
new trade and investment barriers until the end of 2013, and confirmed that concrete
steps should be taken to realise a Free Trade Area of the Asia-Pacific.
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Tax Affects Stock Market Merger In Latin America 9/28/2010 Chile, Peru, and Colombia are on schedule to reach the first stage of consolidation of their markets in stock and depositary trusts by November 22, but have faced challenges in the integration process, including tax administration.
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APEC Officials Focus On Free Trade 9/29/2010 Asia-Pacific Economic Cooperation officials met recently in Japan to discuss
key reports and recommendations on enhancing regional trade and economic integration
that will be submitted to leaders and ministers of its member economies when they
meet in November this year.
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IATA Outlines Priorities For Aviation In Peru 9/16/2010 The International Air Transport Association on September 14 published
a report outlining recommendations for Peru’s aviation community to focus
on.
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South Korea, Peru Finalise FTA Talks 9/1/2010 It has been announced that South Korea and Peru have concluded negotiations on
a free trade agreement that, it is hoped, will provide a boost to commercial
ties between the two countries.
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Asia-Pacific Business Leaders Commit To FTAAP 8/31/2010 The Business Advisory Council of the Asia-Pacific Economic Cooperation has affirmed its belief that making progress on a Free Trade Area of
the Asia Pacific presents the best strategy for achieving regional growth.
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Chile Plans Capital Market Tax Reforms 8/11/2010 Chile has scheduled a new bill for Congress this month which aims to clarify the tax treatment of derivative products. It is accompanied by another bill on insurance.
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Mercosur Agrees Customs Code 8/5/2010 After six years of difficult negotiations, the Mercosur trade bloc has reached agreement on a common customs code which is to be phased in by 2012.
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Argentina, India Initial Customs Agreement 8/4/2010 Argentinian tax chief, Ricardo Echegaray, has negotiated with officials of the Indian Central Board of Customs and Excise to conclude an agreement for co-operation and mutual assistance in customs operations, with the aim of promoting trade between both countries.
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CGT Blamed For Plunging Stock Trades In Lima 7/19/2010 Roberto Hoyle , president of the Lima Stock Exchange, has blamed the fall in trading volumes on the exchange in the first six months of 2010 on the capital gains tax introduced at the end of 2009.
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Steady Progress In TPP Negotiations 6/22/2010 As the second round of negotiations for the Trans-Pacific Partnership agreement
ended in San Francisco, the United States Trade Representative Ron Kirk
congratulated all parties on making “significant, positive” progress
during last week’s talks.
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Chile Mining Taxes Are Competitive 6/15/2010 Chile's Mining Minister Laurence Golborne has claimed that Australia's proposed Resource Super Profits Tax represents a "tremendous opportunity" to promote Chile's stable and secure tax regime, at a time when concerns have been raised in the Chilean Senate about the country's tax competitiveness in the mining sector.
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Clinton Would Tax Rich In South America 6/14/2010 US secretary of state, Hillary Clinton continues to bang the drum for raising taxes in order to modernize in her latest South American tour, which takes in Peru, Ecuador and Colombia, saying that in many places "it was a simple fact that the wealthy did not pay their fair share."
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TPP Discussions Held During APEC Meeting 6/9/2010 Trade ministers of the eight countries looking to join in the new Trans-Pacific
Partnership met in Sapporo, Japan, on the sidelines of the Asia-Pacific
Economic Cooperation meeting, to exchange views and provide guidance to negotiators
ahead of the second round of talks.
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APEC Commits To Regional Free Trade 6/7/2010 In a statement issued after the close of two-day talks in Sapporo, Japan, Asia-Pacific
Economic Cooperation trade ministers announced progress in achieving
their goals of free and open trade, and in advancing regional economic integration,
including exploring possible pathways to a Free Trade Area of the Asia Pacific.
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APEC To Explore Asia-PAC Free Trade Area 6/2/2010 As trade ministers from the Asia-Pacific Economic Cooperation group prepare for
their annual meeting on June 5 and 6, its Business Advisory Council has
delivered a set of recommendations, including the creation of an Asia-Pacific free trade area.
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EU Signs Trade Deal With Peru, Colombia 5/21/2010 Peru and Colombia have signed up to a free trade agreement with the European Union at a ceremony in Madrid.
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War Brews Over Peru Beer Tax Change 5/18/2010 A proposal to modify the application of Impuesto Selectivo al Consumo (excise duty) on alcoholic beverages in Peru has reopened a dispute among companies in this sector.
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Peruvian Court Reinstates Import Tax 4/5/2010 The Peruvian constitutional court has issued a ruling to reinstate a 12% cement and clinker import duty which has attracted strong criticism across the country.
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EU Reviews Developing Country Trade Policy 3/17/2010 Karel De Gucht, the European Union Commissioner for Trade, in a speech on
'EU Trade Policy Towards Developing Countries' at a seminar
in Brussels, has discussed how those countries can be helped to move from being
partners in development aid to becoming partners in trade.
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Baucus Seeks Trade Preference Reform 3/15/2010 Senate Finance Committee Chairman Max Baucus is leading
efforts for reform of US trade preference programs accorded to
developing countries.
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