The Australian government confirmed it will be pursuing a free trade agreement with Peru, with the nation’s Trade Minister Steve Ciobo to visit Lima for the first round of negotiations in July.
Peru and Indonesia will soon begin a series of bilateral meetings to reach a free trade agreement.
The Teamsters labor union has escalated an investor dispute against Peru, arguing that its members’ pensions could be thrown into jeopardy as a result of the government’s alleged failure to pay investors $5 billion worth of debt tied up in land bonds.
Peru will try to expand its free trade agreements with countries of the Association of Southeast Asian Nations (ASEAN), but "preferably" through the Pacific Alliance
Peruvian and Indian governments held the first technical meetings aimed to reach a trade agreement.
A proposed comprehensive free trade agreement between India and Peru covering goods, services and investments may not only raise India’s export volumes to the western South American nation
Peru will work with China and other Asian and Pacific Rim countries to incorporate elements of the Trans-Pacific Partnership into a new agreement.
Approval for the talks was given by the Union Cabinet chaired by Prime Minister Narendra Modi.
"Peru and India should have a first technical meeting in the first three months of 2017 to establish the roadmap of this process so that they can properly start negotiations," the Deputy Minister of Foreign Trade said
The Australian government said it considers the possibility of negotiating an FTA with Peru, as the Asia-Pacific faces the potential collapse of the Trans-Pacific Partnership (TPP).
The negotiations broke off in June 2011 and the two countries signer the agreement in Lima in May 2015.
As Indonesia accelerates talks with 15 Asia-Pacific nations, it is prioritizing the conclusion of five trade deals to open access to foreign markets and lure inflows of investment.
The leaders of Japan and Peru have agreed to press ahead with efforts to implement the Trans-Pacific Partnership, despite a pledge by President-elect Donald Trump to pull the US out of the free trade deal.
China and Peru on Monday signed a memorandum of understanding in Lima to conduct a feasibility study on upgrading the China-Peru Free Trade Agreement.
In a blow to the suspended U.S.-backed TPP, several countries in the Pacific Rim are now looking to join China’s free trade agreements.
"Our experience in Peru demonstrates how the TPP model prioritizes trade and investment above the protection of the environment, ecosystems, and life itself."
In protests billed as “anti-colonial” demonstrations, Peruvians hit the streets on 12 October against the Trans-Pacific Partnership and the Trade in Services Agreement
Peru has already started to work on a proposal for post-Brexit FTA negotiations with the United Kingdom based on the EU-Peru trade deal
Dozens of Indigenous people in Peru have been absolved of accusations that they were responsible for a massacre seven years ago that killed at least 32 people, due to intense conflict triggered by the country’s free trade agreements.
Financial companies have figured out how to turn a controversial global legal system to their own very profitable advantage.