Peru, Mexico Ink Trade Deal To Lift Tariffs

Law360, New York (April 6, 2011, 6:33 PM EDT) -- Peru and Mexico signed a free trade deal Wednesday that calls for the two countries to eliminate almost all tariffs on each other's goods over the next decade.

Officials from the two countries gave final approval to the trade integration agreement at a signing ceremony in Lima, Peru, though the provisions will not go into effect until each country adopts it at the national level.

Even without the agreement, trade between Lima and Peru grew roughly 13 percent a year from 2000 to 2010 to nearly...
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