Peruvian official warns about free trade agreement with EU after Brexit

A Peruvian official has warned about the future of Peru's free trade agreement with the European Union (EU) after Britain's exit and urged London to keep the agreement's essence.

Peru and Britain may need to sign another bilateral agreement after Britain leaves the EU, Carlos Posada, director for Research and Development of Foreign Trade under the Chamber of Commerce, said Friday.

The most rational option for Britain would be to recognize the advantages and keep the essence of the Peru-EU Free Trade Agreement, when it negotiates the new agreement with Peru, he said.

In 2012 Peru and EU signed the free trade agreement, which includes eliminating tariffs on Peru's fishery products and allowing free access to 75 percent of Peru's agricultural products on the EU market.

(APD)