Skip to main content

Mining stands to benefit from FTA with Peru

Published by
World Coal,


Australia’s mining and mining services sectors stand to benefit from the proposed Peru-Australia Free Trade Agreement launched by both countries’ governments today.

Australia’s largest exports to Peru include metals products, minerals additives and specialised mining equipment and machinery including vehicles and technical instruments while Peru’s top imports to Australia also include minerals and mining equipment and inputs.

A high-quality free trade agreement has the potential to lift the economic relationship between our two countries to a new level by delivering further market access openings and improved two-way investment flows.

Australian mining equipment, technology and services (METS) firms, in particular, would benefit from a free trade agreement that significantly reduces barriers to trade in services. With mining and METS accounting for 15% of Australia’s GDP and supporting more than 1.1 million jobs, opening up new export markets for the sector will be good news for Australia’s economy, living standards and job opportunities.

Peru’s role as a member of the Pacific Alliance and as a party to the proposed Trans-Pacific Partnership make it an important strategic partner for Australia in forging closer economic ties and new export and investment opportunities across the Pacific.

Read the article online at: https://www.worldcoal.com/coal/24052017/mining-stands-to-benefit-from-fta-with-peru/

You might also like

OSIsoft webinar

WEBINAR: The hidden value of digital transformation in coal mining

In this webinar, OSIsoft will highlight some aspects of a successful digital transformation journey and discuss the top priorities that mining executives are looking for. They will also see how mining companies around the world benefit from real-time operational data to improve their safety results & their asset reliability and to optimise their operations. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):