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Peru

Peru is one of the Latin American countries which, within its neoliberal economic policy approach, has gone the furthest in pursuing FTAs in recent years.

In addition to the FTA with the US and negotiation of an Association Agreement with the EU, Peru signed an FTA with Canada in January 2007.

In November 2008, it concluded negotiations on an FTA with China. Many analysts think that China’s strategy is to use Peru as a Latin American beachhead for its products.

In its frenetic race to sign FTAs, Peru is carrying on negotiations with the European Free Trade Association (EFTA, consisting of Switzerland, Norway, Iceland, and Liechtenstein), Australia, India, Morocco, Israel and Russia. In addition, at the last APEC meeting in November 2008, it initiated its integration into the P4/P4 (Trans-Pacific Strategic Economic Partnership).

Despite his anti-FTA discourse, Ollanta Humala, the new Peruvian president since July 2011, has been carrying out the same policy that was carried out by Alan Garcia.

In the course of 2011, Peru signed FTAs with Korea, Japan, Thailand, Mexico, Guatemala and EFTA. In 2012, it is expected that the FTAs with the EU, Japan, Thailand, Mexico, Panama, Guatemala and Costa Rica will come into force.

last update: May 2012


NAFTA asparagus
After Peru signed a TPP-like free trade pact with the U.S. in 2007, it has become the largest exporter of fresh asparagus. But asparagus monoculture/agribusiness has resulted in water shortages in the Ica Valley.
Peru moves forward with trade agreements agenda
Peru is making progress in implementing the agenda of new trade agreements
Peru, Thailand agree to continue FTA talks
Peru’s Minister of Foreign Trade and Tourism Magali Silva and Thailand’s Deputy Minister of Commerce Apiradi Tantraporn agreed to continue moving forward towards the signing of a Free Trade Agreement and strengthen trade ties between the two countries.
Turkey-Peru free trade talks end without deal
Talks will continue next year as areas of friction — textiles and agriculture — continue to cause disagreement.
Honduras, Peru agree on work plan to conclude FTA negotiations
Negotiating teams from Peru and Honduras are meeting to draw up a plan on how to finalise their FTA talks, initiated in 2010, by end 2014.
Peru, Honduras to conclude FTA by year-end
The President of Peru, Ollanta Humala Tasso, and his Honduran counterpart, Juan Orlando Hernandez, have agreed to conclude a free trade agreement (FTA) by the end of this year.
Peru to begin FTA negotiations with Indonesia, India
The governments of Peru and Indonesia have completed a joint feasibility study in order to reach a free trade agreement, announced Tuesday Peru’s Foreign Trade and Tourism Minister Magali Silva.
Peru, India to kick off FTA talks in August this year
Peru and India are expected to meet in August this year to hammer out a solid framework for staring negotiations on a Free Trade Agreement, the country’s Foreign Trade and Tourism Ministry (Mincetur) has said.
Peru’s “Bagua massacre” haunts the TPP
The experience of the US-Peru FTA makes clear even improved labor and environmental chapters cannot overcome the NAFTA-style investor protections at the core of the Peru FTA and now TPP.
Peru eyes free trade agreement with India
Peru is looking to sign a free trade agreement with India, it has been reported.