Japan's free-trade accord with Peru will go into effect March 1 now that all of the necessary domestic and diplomatic procedures have been completed, Foreign Minister Koichiro Genba said Tuesday.
"I'm hoping that the two countries' economies will become more active" as a result of the agreement, Genba said.
Japan and Peru will scrap tariffs on more than 99 percent of the value of goods traded between the two countries within 10 years after the effective date. (Japan Times)
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