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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


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.
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.
FTAs signed with Panama, Venezuela may come into force in April
Peru’s Ministry of Foreign Trade and Tourism (Mincetur) announced Monday that the Free Trade Agreements (FTA) signed by Peru with Panama and Venezuela will come into force in April.
Air traffic between Peru, Panama to increase thanks to bilateral FTA
The commercial air traffic between Peru and Panama is expected to grow due to the Free Trade Agreement (FTA) signed by both countries in 2011, which is scheduled to come into force in the first quarter of this year, the president of Panama’s Copa Airlines Pedro Heilbron said.
Peru’s agricultural sector to benefit from FTA with India
Peru’s agricultural sector would take advantage of the Free Trade Agreement (FTA) to be signed with India, one of the fastest growing countries in the world.
Peru to conduct market research study on Russia, India FTAs in H2 2012
Peruvian Trade and Tourism Minister Jose Luis Silva announced Monday that the market research studies before starting negotiations on free trade agreements (FTA) with Russia and India will be conducted during the second half of 2012.
Peru eyes trade deal with Russia - report
Peru is looking to begin talks for a free trade agreement with Russia next year, following the World Trade Organization’s approval of Russia’s membership in the trade body earlier this month