METS companies benefit from FTA with Peru

The Australian minerals industry has access to new export markets and investment opportunities with the Peru-Australia Free Trade Agreement (PAFTA) now in force.

Mirage News is reporting under PAFTA, Peru will eliminate 99.4 per cent of its tariffs, including on valuable Australian resources such as iron ore, copper, nickel, coal, mineral fuels and oil.

The agreement also removes barriers for Australian mining equipment, technology and services (METS) and reduces trade costs through more streamlined customs and administrative arrangements.

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