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PRESS RELEASE: PRESS/TPRB/289

TRADE POLICY REVIEW:

Reforms have resulted in sizeable benefits and should continue

Peru has continued to liberalize its trade regime which, in the context of other reforms and a favourable external environment, helps explain its robust economic performance since its previous Review in 2000 according to a WTO Secretariat report on the trade policies and practices of Peru.

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However, Peru has also moved away form its largely uniform tariff structure, thus increasing the level of effective assistance to some sectors. Additional selective assistance has also been granted through several fiscal incentives, some of which are contingent upon the use of domestic inputs or domestic processing requirements, the report says.

According to the report, the current favourable economic environment presents an opportunity to inject greater competition into the domestic market, set up a more uniform incentive structure by rationalizing incentive schemes, and consolidating reforms in some services sectors to help reduce remaining bottlenecks, in particular those arising from poor infrastructure.

The WTO report, along with a policy statements by the Government of Peru, will be the basis for the third TPR of Peru by the Trade Policy Review Body of the WTO on 17 and 19 October 2007.

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Full list of previous TPRs
  

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The WTO report, along with a policy statement by the Government, will be the basis for the Trade Policy Review (TPR) by the Trade Policy Review Body of the WTO.

The following documents are available in MS Word format.

  

Note  back to top

Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries’ trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. For each review, two documents are prepared: a policy statement by the government of the member under review, and a detailed report written independently by the WTO Secretariat. These two documents are then discussed by the WTO’s full membership in the Trade Policy Review Body (TPRB). These documents and the proceedings of the TPRB’s meetings are published shortly afterwards.

Print copies of previous TPR publications are available for sale from the WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211 Genève 21 and through the on-line bookshop.

The TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.

 

Schedule of forthcoming reviews  back to top

Organization of Eastern Caribbean States (OECS): 5 and 7 November 2007
Thailand: 26 and 28 November 2007
Turkey: 10 and 12 of December 2007

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