Advantages of the CPTPP Deal for Food and Drink Trade Between the UK and Peru

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has created exciting opportunities for businesses trading food and drink products between the UK and Peru. This trade agreement reduces tariffs, simplifies customs processes, and strengthens economic ties, making it a game-changer for the food and drink sector.

Key Benefits for Food and Drink Traders:

  1. Tariff Reductions: The CPTPP eliminates or reduces tariffs on many food and drink products, making trade more cost-effective for businesses.
  2. Faster Customs Clearance: Commitments to streamline customs procedures ensure that perishable goods like fresh produce and frozen foods are processed quickly.
  3. Expanded Market Access: UK companies gain better access to Peru’s growing market, while Peruvian businesses can more easily reach UK consumers.
  4. Support for SMEs: The agreement includes provisions to help small and medium-sized enterprises (SMEs) engage in international trade, fostering growth for smaller producers.
  5. Enhanced Trade Stability: By diversifying trade partnerships, businesses can reduce reliance on single markets and build more resilient supply chains.

Top 10 Food and Drink Imports and Exports Between the UK and Peru:

The trade relationship between the UK and Peru is diverse, with both nations benefiting from each other’s unique offerings in the food and drink sector. Here’s a look at the top imports and exports, including frozen foods, drinks, and alcohol:

UK Exports to Peru:

  1. Whisky and other spirits
  2. Confectionery (chocolates and sweets)
  3. Dairy products (cheese and butter)
  4. Frozen ready meals
  5. Soft drinks and juices
  6. Biscuits and baked goods
  7. Craft beers
  8. Sauces and condiments
  9. Canned goods (soups and vegetables)
  10. Frozen seafood

UK Imports from Peru:

 

  1. Coffee
  2. Avocados
  3. Grapes
  4. Frozen fruits (mangoes and berries)
  5. Pisco (a traditional Peruvian spirit)
  6. Quinoa
  7. Asparagus
  8. Frozen vegetables
  9. Craft beers
  10. Cocoa and chocolate products

The CPTPP deal not only strengthens the trade relationship between the UK and Peru but also ensures that businesses in the food and drink sector can thrive in a competitive global market. By reducing trade barriers and fostering collaboration, this agreement sets the stage for a prosperous future for both nations.

We can help with all your logistics enquiries and guide you through the CPTPP Process.

For more information about our logistics services to and from the UK to Peru, please email trading@cptpp.co.uk

Success Story: Yorkshire Tea's success in Lima's specialty stores

Peru exports to the UK

UK exports to Peru

Key Regulations

– DIGESA registration

– Spanish labelling

– Andean Community standards

– Complex customs procedures

Key UK Export Codes for Peru (Food & Beverages)

 

Product UK Export Code (Trade Tariff) Peruvian Import Code (HS 2024)    
Scotch Whisky 2208 30 00 00 2208.30.00.00    
Aged Cheddar Cheese 0406 90 31 00 0406.90.90.00    
Chocolate (>2kg blocks) 1806 31 00 00 1806.31.00.00    
Gin 2208 70 00 00 2208.70.00.00    
Smoked Salmon 1604 11 00 00 1604.11.00.00    
Black Tea (Packaged) 0902 30 00 00 0902.30.00.00    
Malt Beer 2203 00 00 00 2203.00.00.00    

 

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