Trade & Economy – Peruvian Canadian Chamber of Commerce

APEC 2024 – Peru proposed a FCBDM agenda for finances more sustainable, digital, and resilient

admin — Mon, 26 Feb 2024 16:51:58 +0000

APEC 2024 – Peru proposed a FCBDM agenda for finances more sustainable, digital, and resilient

After four days of intense technical meetings, on Saturday, February 24, the Meeting of Vice Ministers of Finance of APEC (Finance and Central Bank Deputies’ Meeting – FCBDM) and related workshops ended in the city of Arequipa.

The meeting brought together representatives of the Ministries of Finance of the 21 economies of the Asia-Pacific Economic Cooperation Forum (APEC), as well as representatives of the World Bank (WB), Asian Development Bank (ADB), Inter-American Development Bank (IDB), the International Monetary Fund (IMF), and the Organization for the Economic Cooperation and Development (OECD). They shared their experiences on growth prospects, international price trends, financial conditions, and the fiscal sustainability of the economies.

The meeting was chaired by Peru’s Vice Minister of Economy, Juan Pichihua, who presented the debate agenda that included the development of initiatives for financing focused on climate and sustainability effects, evaluating resource exchange tools for the creation of capacities to address financing issues in environmental sustainability.

During the days prior to the FCBDM (February 21 and 22), technical discussions were held on sustainable energy transition, carbon price measures and other related instruments, as well as the financing of hydrometeorological risks. This last issue being the first time it has been put on the agenda as part of the financial debate between the 21 APEC economies.

In this sense, the panelists gave an account of the main advantages and challenges they have faced in addressing public financial management of natural disasters. Also having a deep interest in the development of policies and programs that aim to reduce carbon consumption, mechanisms to achieve an energy transition, global trends that aim to achieve climate objectives, and technological solutions that lead to decarbonizing energy consumption.

Peruvians residing abroad to use the PERU brand

admin — Fri, 16 Dec 2022 16:41:36 +0000

Peruvians residing abroad to use the PERU brand

Products and services that Peruvian entrepreneurs offer in their place of residence, will spread the image and reality of Peru.

The Congress of the Republic formalized Law No. 31641, which incorporates Peruvian citizens residing abroad, within the scope of the actions and policies formulated by PromPeru and authorizes them to use the “Peru Country Brand”.

In this sense, the norm includes them as actors, in the design, coordination, agreement, and execution of policies and actions aimed at disseminating the image of Peru abroad, who may also use the official brand of the Peruvian State as long as they comply with the requirements provided by the competent authority according to law.

The legal provision instructs the Ministry of Foreign Trade and Tourism to adopt the pertinent actions to adapt the licensing procedure.

Likewise, it indicates that the provisions of this law are financed with the own resources of the Commission for the Promotion of Peru for Exports and Tourism (PromPeru), without demanding additional resources from the public treasury.

Canada and Peru signed MRA – Partners in Protection

admin — Fri, 01 Jul 2022 15:53:21 +0000

Canada and Peru signed MRA – Partners in Protection

On June 23, the Canada Border Services Agency (CBSA), represented by Executive Vice-President Ted Gallivan, signed a Mutual Recognition Arrangement (MRA) with the National Superintendency of Customs and Tax Administration of the Republic of Peru (SUNAT), represented by Deputy Superintendent of Customs Marilu Llerena, to honor each other’s Trusted Trader programs. The signing took place on the margins of the World Customs Organization Council Sessions in Brussels, Belgium.

This MRA will contribute to increased security of the international supply chain, facilitate trade at the border, and strengthen the economic competitiveness of Canadians doing business with Peru.

Members of Canada’s Trusted Trader program, Partners in Protection (PIP), can save time and money at the border because their imported goods are treated as low-security risks. This ultimately means a faster and more predictable customs clearance and contributes to the protection of Canadians by helping prevent contraband from entering the country. This MRA signifies that Peru will recognize Canada’s PIP program and will facilitate customs clearance for PIP members. In turn, the CBSA will provide reciprocal benefits to members of Peru’s Trusted Trader program, which is referred to as their Authorized Economic Operator/ Operador Económico Autorizado (OEA) program.

The CBSA signs MRAs with customs organizations around the world so that countries can recognize each other’s members and choose to honor similar benefits and security standards. This also means that countries will apply similar approval processes for program applicants. The overall goal of an MRA is to strengthen trust and security in the supply chain as a method of preventing nefarious activity, such as cargo theft and pilferage.

Border management is a shared international responsibility. Threats and opportunities arising from global migration and trade are dealt with most effectively by working together. Expanding the international network of accredited low-risk companies allows customs administrations to focus on targeting shipments of higher or unknown risk.

PROMPERU and TFO Canada to promote export development of women-led SMEs

admin — Sat, 12 Mar 2022 22:50:40 +0000

PROMPERU and TFO Canada to promote export development of women-led SMEs

The technical cooperation agreement signed between the Commission for the Promotion of Exports and Tourism of Peru (PROMPERU) and the Trade Facilitation Office of Canada (TFO Canada) has allowed the development of the project “Women in Trade for Inclusive and Sustainable Growth”, aimed at strengthening the capacities and internationalization of more than 100 Peruvian companies in the agribusiness sector, including those led by women. This initiative is carried out with the financial support of the Government of Canada provided through Global Affairs Canada.

From April 20 to 22, seven of the selected SMEs participated in the SIAL 2022 fair, and later they will do so in the CPMA 2023 fair. They will also be part of a virtual trade mission that will allow them to promote their products in the Canadian market. The project seeks to promote more equitable participation of women in the decision-making and leadership of institutions linked to the export process.

Investing in people, particularly women-led SMEs, reinforces TFO Canada’s contributions to economic development in Peru. It is important to point out that the project “Women in Trade for Inclusive and Sustainable Growth” is directed at the agri-food sector, with the aim of overcoming the challenges faced by women entrepreneurs in training and promoting their participation in international trade.

18 Peruvian SMEs to participate at SIAL Montreal 2022

admin — Sat, 12 Mar 2022 18:41:32 +0000

18 Peruvian SMEs to participate at SIAL Montreal 2022

SIAL Canada is the largest food innovation trade show in North America, and the gateway to the agri-food industry in Canada, the United States, and international markets.

Like every year, SIAL brings together the main players in the food industry in one place, and Peru will be present exhibiting a wide variety of its natural and organic products.

This edition will be held in Montreal and you can find the Peruvian delegation, made up of 18 companies from the agri-food industry, at Stand 2311 with PROMPERU.
Check Exhibitor List 2022.