The 2018 Latin American Colloquium looked at shifting global dynamics: implications for Australia and Latin America.

2. Professor Peter Høj
President and Vice-Chancellor
The University of Queensland

4. His Excellency Mr Miguel Julian Palomino de la Gala
Ambassador Extraordinary and Plenipotentiary
Embassy of the Republic of Peru

6. Ms Elizabeth Castro
President
Australia Peru Chamber of Commerce Inc (APCCI)

7. Shifting Global Dynamics: Implications for
Australia and Latin America
1. Australia-Peru Free Trade Agreement, PAFTA: Benefits, Challenges
and its role in fostering closer cooperation.
2. The evolution of the Australia-Latin America Relations in the
context of broader economic and socio-political influences globally.
3. Examples and Recommendations to foster cooperation and positive
impact.

8. Australia-Peru Free Trade Agreement
PAFTA

9. Peru: Network of Trade Agreements
SignedIn Force Negotiation

10. Australia-Peru Free Trade Agreement
Negotiation Groups - Chapters
•Market Access, Rules of Origin, Customs, Sanitary and Phytosanitary measures, Trade Barriers, Trade protection.
Goods
•Telecommunications, Financial Services, E-commerce, Investments.
Services and Investments
•Intellectual Property, Competitiveness, Development, Small and Medium Enterprises.
Related Matters
Transversal themes
.
Institutional Framework
Cooperation, Competitiveness, Development, Small and Medium Enterprises, Regulatory Framework
Transparency, Anticorruption, Administrative Measures, Dispute Settlement, Exceptions.

11. Australia – Peru Free Trade Agreement
Process of Negotiation
Start of Negotiations
Round of Negotiations
Leaders & Ministers Summit
Signature
Start of process to entry into
effect
May 2017: Minister of Trade, Tourism and
Investment announces start of negotiations.
Three rounds: July to October 2017.
November 2017: Negotiations concluded
12th of February: Signature
Process of Ratification of both Parties
In the negotiations, more than 200 officers from more than 25 public agencies and
more than 50 representatives of the private sector of more than 10 industry associations.

12. Australia-Peru Free Trade Agreement
Negotiation Groups - Chapters
Almost all Peruvian and Australian products will immediately be able to enter Market WITH
cero DUTIES:
96% of Peruvian goods 93% of Australian goods free of
Free of duties when duties when PAFTA entries into
PAFTA entries into force. force.
After the 4th year, all Peruvian and Australian goods will attract cero duties (With the
exception of vehicles)

13. Australia – Peru Free Trade Agreement
Access to markets – Elimination of Australia

14. Australia-Peru Free Trade Agreement
Benefits: Sanitary and Phytosanitary Measures, Technical
Barriers to trade and Investment
Sanitary and Phitosanitary measures: Evaluates regularly the sanitary and
phytosanitary requisites to protect the health of humans and animals and observes
that there are no trade barriers in place.
Technical Barriers to Trade: Reduces obstacles to trade of industrial products.
More transparency and increase of cooperation about technical regulations.
Investment: Consolidates a framework to attract and protect investment in
diverse sectors.
The Mechanism of Dispute Resolution Investor – Estate with safeguards to protect
public health, environment, security and anti-corruption.

15. Australia-Peru Free Trade Agreement
Benefits: Services, E-Commerce, transit of persons, Small and
Medium Enterprises
Services:
- Facilitates the liberalization of services. I.e. Consultancy services, accounting, architecture,
engineering, design, software development, travel agencies, franchises.
- Revalidation of degrees: Commitment to work towards the revalidation of professional degrees.
E-Commerce: Allows the trade with no restrictions of software, apps and digital products.
Transit of business persons: Opens opportunities to business people, professionals and
technicians
Small and Medium Enterprises, Cooperation and Development:
21st Century Chapters to maximize the benefits of the agreement.

16. Australia-Peru Free Trade Agreement
Additional Benefits compared to the CPTPP
More goods will be free of duties when the PAFTA entries into force:
Examples: Cotton and Alpaca fiber.
Services:
For the supplier of services under contract: Authorization to stay in Australia was extended form 1 to 2
years.
Permanent residents in Peru who are part of Peruvian companies will be extended National treatment.
Commitment to work in the revalidation of degrees.
Investment: The Mechanism of Dispute Resolution Investor – Estate includes
safeguards for the Estate regarding anti-corruption measures.
In CPTPP In PAFTA
93.2% 96%

17. Shifting Global Dynamics: Implications for
Australia and Latin America
Together with the CPTPP and the Free Trade Agreement with the Pacific Alliance, the Peru-
Australia Free Trade Agreement is the beginning of a broader trend to build relationships with
more open markets in the Asia Pacific and Latin America
IN THE SAME LINE:
1. It’s expected that the incorporation as Associate Estates of Singapur, New Zealand, Canada
and Australia to the Pacific Alliance be finished by July 2019
2. Negotiations are in process for a Free Trade Agreement between Australia and the Pacific
Alliance, comprised by Chile, Colombia, Mexico and Peru.

18. Shifting Global Dynamics: Implications for
Australia and Latin America
- Estates seeking to subvert, avoid or ignore the rules-based order – WITH THE EXAMPLE OF North
Korea with its defiance of the UN Security Council with its illegal nuclear weapons and ballistic
programs threatening regional and global security;
- A rise of dissatisfied minorities resulting in populist movements;
- Protectionism and Nationalism.
- Enormous technological change. Technological advances disrupting the way we live, work, connect
and engage.
- Massive environmental challenges.
-Security challenges - some unprecedented in terms of terrorism together with the proliferation of
weapons.
-Significant shifts in the relative power balance of larger nations, especially in ASIA;
-The election of President Trump and the new Administration in the United States;
-Brexit and a re-ordering of affairs in Europe.
-There will be more large and significant strategic actors in Asia than before – some of them already
or else likely to be great regional or even global powers.

19. Shifting Global Dynamics: Implications for
Australia and Latin America
• Global Changes;
• Economic and Strategic Relationship;
• Changes are also SOCIAL;
• Paradigm shift in the way Australia is experiencing relations with Latin
America;
• Increased collaboration opportunities in diverse and new areas:
Health, environment, education, technology, etc.

20. president@apcci.org.au
Mob: +61 434 596 401
Thank you!

22. Session One – New regional economic and trade agreements (TPP-11, PAFTA,
Pacific Alliance FTA): Are they effective enablers for closer cooperation?
Chair: Mr Andrew Martin, Chief Negotiator, Paci c Alliance FTA and
Deputy Chief Negotiator for the Indonesia–Australia Comprehensive
Economic Partnership Agreement (IA-CEPA)
1. Ms Julieanne Alroe
Chair, Infrastructure Australia
2. Ms Virginia Greville
Chief Executive Officer, Trade & Investment Queensland
3. Ms Raquel Larrazabal de Velardo
Chief Executive Officer, Turbo Snacks and kako-T
4. Professor Flavio Menezes
Professor, School of Economics, Faculty of Business,
Economics and Law, The University of Queensland

24. The Honourable Stuart Robert MP
Assistant Treasurer
Commonwealth of Australia

26. Session Two – The horizontal perspective: Fostering people-to-people linkages
to promote cooperation and positive social impact
Chair: Mr Tim McLennan, Chief Executive Officer, QUT Bluebox and
Director, Australia-Latin America Business Council (ALABC)
1. His Excellency Mr Jaime Bueno-Miranda
Ambassador Extraordinary and Plenipotentiary,
Embassy of the Republic of Colombia
2. Ms Valeria Jimenez Garcia
Co-founder and Producer, Aztec Visuals
3. Mr John O’Brien
Partner, Energy, Resources & Industrials, Deloitte Financial Advisory
4. Dr Roberto H. Esposto-Caamaño
Senior Lecturer, School of Languages and Cultures, Faculty of
Humanities and Social Sciences, The University of Queensland
5. Mr Juan Polanco
Entrepreneur and Director, Australian Latin America Young
Professionals (ALAYP)

28. His Excellency Mr Patricio Powell
Ambassador Extraordinary and Plenipotentiary
Embassy of the Republic of Chile

30. Dr Jessica Gallagher
Director, Global Engagement and Entrepreneurship
The University of Queensland