Peru’s Commercial Opening: The Story of Two Sectors

13 Pages Posted: 13 Feb 2019

See all articles by Renzo Rossini

Renzo Rossini

Central Reserve Bank of Peru

Zenon Quispe

Central Reserve Bank of Peru

Hiroshi Toma

Central Reserve Bank of Peru

Cesar Vasquez

Central Reserve Bank of Peru

Date Written: December 21, 2018

Abstract

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

Rossini, Renzo and Quispe, Zenon and Toma, Hiroshi and Vasquez, Cesar, Peru’s Commercial Opening: The Story of Two Sectors (December 21, 2018). BIS Paper No. 100p, Available at SSRN: https://ssrn.com/abstract=3332084

Renzo Rossini (Contact Author)

Central Reserve Bank of Peru

Jirón Miroquesada 441
Lima, Lima 1
Peru

Zenon Quispe

Central Reserve Bank of Peru ( email )

Jirón Miroquesada 441
Lima, Lima 1
Peru

Hiroshi Toma

Central Reserve Bank of Peru

Jirón Miroquesada 441
Lima, Lima 1
Peru

Cesar Vasquez

Central Reserve Bank of Peru

Jirón Miroquesada 441
Lima, Lima 1
Peru

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