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:

You might also like

OSIsoft webinar

[WEBINAR] How to succeed in Digital Transformation in Mining and Materials

During this webinar, OSIsoft will explain their successful path to Digital Transformation, including Predictive Maintenance 4.0 from an asset reliability perspective, Health, Safety & Environment improvement opportunities, and Autonomous Operations for process optimisation. Register for free today »


Coal trading market to 2023

The global coal trading market faces stiff competition due to the involvement of many players in the market, reveals a report by Transparency Market Research (TMR).


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