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Peru and Guatemala to sign free trade accord next week. Most exports from both countries to be duty-free for up to five years

Friday, December 2, 2011

The governments of Peru and Guatemala are scheduled to sign a free trade agreement on December 6.

Formal negotiations concluded in October. The formal signing will take place in Guatemala City.

Officials have said that 94.7 percent of Peruvian exports would enter Guatemala duty free for a maximum of five years. Meanwhile, 81.4 percent of imports from Guatemala will be exempted on taxes once the accord comes into effect.

Original source: Peru This Week