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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


Switzerland commits US$10 million to Peru for trade development
Switzerland has committed US$ 10 million to Peru for the strengthening and development of the Andean country’s trade capacity and competitiveness, Peru’s Trade and Tourism Ministry (Mincetur) announced Tuesday.
Peru, Mexico to close FTA negotiations within next two months
Peru and Mexico administrations plan to close FTA negotiations within next two months, Peru’s Minister of Foreign Trade and Tourism Martin Perez reported.
Peru, Korea to hold last round of FTA talks on August 30
Peru and the Republic of Korea will hold the Fifth Round of Free Trade Agreement (FTA) negotiations on August 30, and announce the end of negotiations, Foreign Minister and Tourism Martin Perez reported Friday.
Mexico interested in signing FTA with Peru, says Foreign Minister
Mexico is interested in signing a Free Trade Agreement with Peru and maintain a fluent political dialogue between both countries, Mexico’s foreign minister Patricia Espinoza announced Tuesday, after holding a bilateral meeting with her Peruvian counterpart, José García Belaunde.
Peru and Mexico take up meetings to close FTA negotiations
Peru and Mexico will restart negotiations on an FTA that adjourned in 2006.
Peru plans to close FTA negotiations with Japan by end of April
"Japan insists on having more Peruvian fishing and agricultural products excluded from the agreement, but we insist on having less items out of the agreement," said Peru’s minister of Foreign Trade and Tourism, Martín Pérez.
Peru, EFTA to sign FTA in June
Peru will sign the final text of its free trade agreement with the European Free Trade Association, consisting of Switzerland, Iceland, Liechtenstein and Norway, in June.
Peru: Signing away too many rights?
Peru is enthusiastically espousing free trade, and has signed six tariff-lowering agreements in the space of a year. But it has not matched them with the internal policies needed to reduce their impact on labour rights, the environment, and sensitive areas like agriculture, social organisations and experts say.
Peru, El Salvador to strengthen trade ties as FTA with Central America moves forward
The negotiation process will begin in May and will be between Peru and Central America, such the one with the European Union
Peru opens free trade with China, concludes trade talks with EU
Peru’s president Alan Garcia officially opened free trade with China Monday, and welcomed the close of negotiations on another trade deal with the European Union.