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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


Trade with Mexico to double in five years thanks to FTA
The Ministry of Foreign Trade and Tourism (Mincetur) estimated Thursday that once the Free Trade Agreement (FTA) between Peru and Mexico comes into force trade will double in five years.
Peru-Panama FTA to come into force in 1Q 2012
Peruvian Minister of Foreign Trade and Tourism Jose Luis Silva on Wednesday said that the Free Trade Agreement (FTA) signed with Panama will come into effect in the first quarter of 2012 after being approved by the National Assembly of said Central American country on Tuesday.
Peru to sign FTA with Guatemala on Tuesday after Pacific Alliance Summit
Peru and Guatemala will sign a Free Trade Agreement (FTA) on Tuesday, December 6 in a ceremony which will count with the participation of Minister of Foreign Trade and Tourism Jose Luis Silva.
Peru to seek more free trade pacts
Peru’s new Foreign Trade and Tourism Minister Jose Luis Silva said Monday he will push negotiations on a number of pending and prospective free trade agreements (FTA).
Peru-EFTA FTA to come into effect on July 1
The Free Trade Agreement (FTA) signed between Peru and the European Free Trade Association (EFTA) -consisting on Switzerland, Iceland, Liechtenstein and Norway- will come into effect on July 1, Peru’s Executive branch noted Friday.
Peru wants to see Japanese investments in manufacture, technology
Peru wants to see increased investments from Japan in manufacturing and technological products, said Peruvian Foreign Trade and Tourism Minister Eduardo Ferreyros, adding that the recent signing of the bilateral free trade agreement is beneficial for both nations in boosting trade and opening up investment opportunities.
Peru, Japan FTA to contribute to increase trade flow in 30%
Peru and Japan will increase trade flow in 30 percent thanks to the signing of a bilateral Free Trade Agreement (FTA) by both countries which will come into effect in a short term, reported Tuesday Peruvian Minister of Foreign Trade and Tourism Eduardo Ferreyros.
Peru, Venezuela likely to end trade agreement talks in July
Negotiations on a Trade and Productive Complementation Agreement between Peru and Venezuela will conclude in July, Peruvian Minister of Foreign Trade and Tourism Eduardo Ferreyros estimated.
Peru sees FTAs with Panama, Costa Rica coming into force in January 2012
Peru’s free trade agreements (FTAs) with Panama and Costa Rica are expected to come into force in January 2012, according to the Andean country’s Foreign Trade and Tourism Ministry.
Peru, EU to officially sign FTA on Wednesday
Peru and the European Union will officially sign a bilateral Free Trade Agreement (FTA) on Wednesday, April 13, in Brussels, Belgium, according to a ministerial resolution published Sunday by the Ministry of Foreign Trade and Tourism (Mincetur).