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Latin American Bilateral Initiative in Toronto

Latin American Bilateral Trade Initiative (LABTI) is an initiative that started on March 2016 between the Economic and Cultural Development Committee of Toronto and the consulates of Argentina, Brazil, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Panama, Peru and Uruguay.

The objective of LABTI is to promote the commercial development between Toronto and our countries, as well as to promote the entrepreneurs from our countries who live in Toronto.

This year, LABTI brought you "Back to Basics". Topics covered were:

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Peru: Trade surplus stood at US$489 million in July 2018.

According to the issuing entity, the trade surplus amounted to US$4.385 billion between January and July 2018. 

In the last 12 months leading up to July, trade surplus reached US$8.237 billion, the highest figure recorded over the last 73 months. 

Additionally, Inca exports totaled US$4.028 billion in July this year, a 17.3% increase compared to the same month in 2017. 

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Peru: Pisco exports up 8.2% in 1H 2018.

On the other hand, sugarcane liquor shipments amounted to US$1.05 million between January and June of 2018, thus expanding 16.9% over the same period last year (US$904,000).

Peru's distilled gin and gin exports experienced a slight increase of 2.2% in the first half of 2018 over the same period in the previous year. 

According to the National Customs and Tax Administration's (Sunat) statistics, beer and wine exports decreased considerably by 47.4% and 27%, respectively. 

Domestic market 

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