Peru’s Commercial Opening: The Story of Two Sectors
13 Pages Posted: 13 Feb 2019
Date Written: December 21, 2018
Trade liberalisation, at first unilaterally and later through free trade agreements, has been fundamental to the structural reform of the Peruvian economy. The negotiated nature of free trade agreements reduced conflicts with local producers in exchange for access to higher-technology imports. The opening of external markets at lower tariff levels has boosted exports in sectors such as agriculture and mining. Therefore, the experience of trade opening is reviewed from the perspective of these two sectors.
Full Publication: Globalisation and Deglobalisation
Keywords: International trade, liberalisation, gains from trade, trade agreements, economic integration
JEL Classification: F11, F13, F15
Suggested Citation: Suggested Citation