EU-Peru Free Trade Agreement Goes Live March 1
Trade barriers between the EU and Peru will be lifted March 1 when a free trade agreement between the parties goes into effect, the European Commission said. The pact will open up markets for European and Peruvian exporters, eventually bringing annual savings of over 500 million euros ($657 million), and will put in place more stable conditions for trade and investment, it said.
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Columbia, which also signed the FTA, is expected to join the implementation phase later this year after it completes its internal ratification procedures.