TISA negotiations to be completed this year: Peru Tourism Minister

Published on : Wednesday, January 27, 2016

Peru's tourism developmentNegotiations on the Trade in Services Agreement (TISA), currently being negotiated by 24 members of the World Trade Organization (WTO) will be completed this year, informed Peru’s Minister of Foreign Trade and Tourism Magali Silva.

A meeting was held within the framework of the World Economic Forum (WEF) in Davos, Switzerland amongst Ministers and representatives from 20 countries negotiating the Trade in Services Agreement, including Peru.

Participants in the TISA negotiations are Australia, Canada, Chile, South Korea, Colombia, Costa Rica, United States, Hong Kong, Iceland, Israel, Japan, Liechtenstein, Mexico, New Zealand, Norway, Panama, Pakistan, Paraguay, Peru, Switzerland, Taipei, Turkey, the European Union and Uruguay.

A trade in services agreement such as TISA, would prove beneficial to Peru as it will promote the expansion of Peru exports, mainly in fields where internationalization seems to be important such as those associated with distribution, software design, franchises, call centers, consultancy, among others, noted Silva.

The group of WTO Members agreed on an ambitious, but reachable goal: to conclude the said deal by the end of the year.

Dubbed as the “Really Good Friends of Services”, the members also agreed to focus on topics that require greater synergy between the parties, that is, telecommunications, e-commerce and financial services.


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