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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-EFTA trade pact to come into force in July
The free trade agreement between Peru and the European Free Trade Association (EFTA) countries -Switzerland, Norway, Iceland and Liechtenstein- will come into force from July, Trade and Tourism Minister Eduardo Ferreyros said Monday.
Peru seeks trade pact with Arab states of Gulf
Peru is pushing for a free-trade agreement with with Arab states of the Persian Gulf as it aggressively expands beyond pacts it has implemented with China and the United States, state-run media said on Friday.
Egypt, Peru hold talks to sign trade agreement
Egyptian Ambassador to Lima Hesham Khalil reported Saturday that Peru and his country are holding talks to sign a trade agreement that enables to increase trade between both nations.
Despite FTA, Peru asparagus not price competitive in China, USDA says
Despite the implementation of the Free Trade Agreement and zero duty for Peru’s asparagus since March 2010, the going market price for the product puts it out of reach for most Chinese
Peru, Central America to hold second round of FTA negotiations
The second round of free trade agreement negotiations between Peru and Costa Rica, El Salvador, Honduras, Guatemala and Panama will take place from January 17 to 21 in Panama City.
Peru, Central America hold first round of FTA negotiations
The first round of FTA negotiations between Peru and Central American countries (Costa Rica, El Salvador, Honduras, Guatemala and Panama) takes place this week in Lima.
Peru-Thailand free trade agreement to be signed next month
Peru will sign its free trade agreement with Thailand during the Asia-Pacific Economic Cooperation (APEC) Summit in Japan next month.
Peru, Central America to begin FTA negotiations on November 8
Peru expects to launch FTA negotiations with Panama, Costa Rica, Honduras and Guatelama on November 8. The decision of El Salvador and Nicaragua will be rendered in a couple of days.
Agreement with Thailand to take effect in 2011
The Early Harvest Protocol of the Partial Agreement for Bilateral Preferences negotiated with Thailand will take full effect in the first half of next year, according to Peru’s Ministry of Foreign Trade and Tourism (Mincetur).
Peru-Thailand trade agreement comes into force in first half 2011
Peru’s Ministry of Foreign Trade and Tourism (Mincetur) announced that the Early Harvest Protocol signed by Peru and Thailand in 2005 would enter into force in the first half of next year.