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Baird Concludes Trip to Peru

February 18, 2013 - Foreign Affairs Minister John Baird today issued the following statement as he concluded his bilateral visit to Peru:

“I had a productive meeting with President Ollanta Humala and Foreign Affairs Minister Rafael Roncagliolo. As Canada seeks to increase our engagement with Peru, I took this opportunity to talk about how our two countries can increase bilateral trade and investment, and collaboration in the areas of education, defence and sustainable development in the region. [Download Video Quote]

“Canada is committed to being a long-term partner to increase economic opportunity, strengthen security and build lasting relationships with like-minded partners in the region. Canada has made engagement in the Americas a priority since 2007, with a particular focus on increasing economic opportunities throughout the hemisphere. Greater collaboration between Canada and Peru is especially exciting because our citizens share many of the same values.

“During my visit, I was also pleased to meet with representatives of several Canadian private-sector organizations working in Peru who recognize the potential of this partnership. We had good discussions on our trade relationship and where it might go as a result of our bilateral free trade agreement.

“Canada and Peru share an economically dynamic relationship. Peru is a democratic partner in regional forums such as the Pacific Alliance and in Trans-Pacific Partnership negotiations. Peru is Canada’s second-largest trading partner in South and Central America and the third-largest destination for Canadian direct investment in the region.

For more information, please consult Canada-Peru Free Trade Agreement and Canada-Peru Relations.

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A backgrounder follows.

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Backgrounder - Pacific Alliance and Trans-Pacific Partnership

Pacific Alliance

The Pacific Alliance is a grouping of four of Latin America’s fastest-growing economies: Chile, Colombia, Mexico and Peru. It was launched in April 2011 to facilitate the free movement of goods, services, capital and people among member countries and to strengthen their trade and investment ties with Asia. Canada achieved observer status in the Pacific Alliance in November 2012.

The countries of the Pacific Alliance have a combined population of 207 million and account for 71 percent of Latin America’s exports and 34 percent of its GDP. Bilateral merchandise trade between Canada and the four countries reached $39.3 billion in 2011, up 12 percent over 2010.

Canada already has comprehensive free trade agreements with each of the four members of the Alliance and is engaged in Trans-Pacific Partnership negotiations with Chile, Mexico and Peru.

Trans-Pacific Partnership

The Trans-Pacific Partnership (TPP) is a free trade agreement under negotiation among 11 countries in Asia and the Americas. The countries currently participating in negotiations are Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. The current membership represents a market of nearly 658 million people and a total GDP of $20.7 trillion, and these numbers would grow with the addition of new members.

Canada joined the TPP on October 8, 2012, and is committed to working with the other TPP members toward a comprehensive agreement that will enhance trade and investment among the partner countries, promote innovation, economic growth and development, and create jobs.

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