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Peru-Norway FTA to take effect on July 1
May 30, 2012
The free trade agreement between Peru and Norway will go into effect on June 1, as part of already concluded negotiations with the European Free Trade Association (EFTA), of which Norway is a member.
The pact enters into force following Norway's ratification of the agreement on April 13, the Peruvian Foreign Ministry said Tuesday.
Meanwhile Peru's trade deals with the other EFTA members Liechtenstein and Switzerland have been in force since July 2011 and with Iceland since October last year.
The ministry noted that trade relations with these countries will be strengthened after the entry into force of this pending agreement.
In 2011, trade between Peru and EFTA countries reached about US$6.1 billion.
Created in 1960, the EFTA is a trade bloc which aims to promote free trade and economic integration among its members.
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Total coments: 1
Commented By: NYpoodle
On: June 1, 2012. 12:40 am
This sounds interesting, well, I think this will be something positive for the nation, well both of them.
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