bilaterals.org logo
bilaterals.org logo

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


Peru to launch free trade agreement talks with Indonesia this year
Peruvian Trade and Tourism Minister Magali Silva has announced that, in the second half of this year, Peru and Indonesia will begin negotiations to reach an agreement that favors preferential trade between both countries.
Peru opens free trade agreement talks with Armenia
Peru’s Foreign Minister and her Armenian counterpart met in Lima on Monday to discuss the prospect of a free trade agreement between the two countries. Armenia will soon join the Russian-led Customs Union, which aims to become Eurasia’s economic union modeled after the EU by 2015.
Peru’s FTA with Thailand to increase exports of grapes and fish
The recent free trade agreement with Thailand is expected to allow Peruvian producers to increase their exports of grapes, canned food, flour and fish, Peru’s Foreign Trade and Tourism Minister announced Monday.
Peru starts talks on FTA with Russia, Turkey, Israel
Peru’s Minister of Foreign Trade and Tourism, Magali Silva, said that Peru has started the first talks toward an eventual free trade agreement between Russia, Kazakhstan, Belarus, India, Indonesia, Turkey and Israel.
Guatemala asks Peru to reduce sugar tariffs, launch FTA
The Central American nation of Guatemala has not exported sugar to Peru since June of last year due to an increase of tariffs implemented by the Andean country over the past year, El Comercio reported.
FTA with India, Turkey, Israel, Russia to expand Peru’s non-traditional exports
Peru’s Foreign Trade Association (ComexPeru) said Monday that Peru should continue promoting free trade agreements with India, Turkey, Israel, Russia and Arab countries as they boost non-traditional exports.
Le Honduras et le Pérou font un pas vers un traité de libre échange
Le Honduras et le Pérou font un pas vers la signature d’un Traité de libre échange en créant un conseil patronal pour développer les relations commerciales entre les deux pays.
EU-FTA’s entry into force marks a new era for Peru’s exports
Peru will experience a change of era with the entry into force of the Multi-Part Trade Agreement with the European Union (EU) due to it is the world’s largest import market for Peruvian products, EU Ambassador to Peru, Hans Allden.
Peru, GCC ink pact on trade, economic & investment cooperation
Peru signed Monday a framework agreement on trade, economic, technical and investment cooperation with the Gulf Cooperation Council (GCC), which comprises Bahrain, Oman, Kuwait, Qatar, Saudi Arabia and the UAE.
Japan, Peru free trade agreement takes effect
A free trade agreement between Peru and Japan went into effect on Thursday that the Peruvian government says will increase bilateral commerce by at least 25 per cent.