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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


Peru, Australia to sign declaration of intent on bilateral FTA
Peruvian President Pedro Pablo Kuczynski and Australia’s Prime Minister Malcolm Turnbull will sign a declaration of intent so that both economies embark on a free trade agreement.
Peru sees ’ambitious’ trade deal with Australia as early as 2018
Peru expects a “very ambitious” free trade deal with Australia that covers goods, services and investments to be implemented as early as next year, Peru’s deputy trade minister said
Harsh sentencing of Aymara leader reveals the politics of criminalization in Peru
This past month, eighteen Aymara community leaders endured the final stages of a trial that had them facing up to 28 years in prison and massive fines for their alleged roles in the 2011 ‘Aymarazo’ protests against the Santa Ana silver mine on the Peru-Bolivia border.
Peru, Indonesia to start meetings towards trade agreement
Peru and Indonesia will soon begin a series of bilateral meetings to reach a free trade agreement.
Peru "prefers" FTA with Asia through Pacific Alliance
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
Peru, India begin meetings towards trade agreement
Peruvian and Indian governments held the first technical meetings aimed to reach a trade agreement.
Peru will define the roadmap for the FTA with India this quarter
"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
Australia interested in FTA with Peru
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).
Peru works on FTA negotiation proposal with UK following Brexit
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 absolved in Peru’s 2009 ’Baguazo’ massacre
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.