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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, 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.
Peru, Panama to launch free trade negotiations
The governments of Peru and Panama agreed on Thursday to launch negotiations on a bilateral free trade agreement before the end of this year.
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.