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Peru moving closer to signing FTAs with India and Hong Kong

Andina - 12 November 2023

Peru moving closer to signing FTAs with India and Hong Kong

Peru expects to sign two free trade agreements (FTAs) with India and Hong Kong, for which it has been working actively so that talks can be concluded in 2024.

"We are working on new free trade agreements. We are expediting the negotiation process with Hong Kong, as we are already in the fourth round of negotiations," Foreign Trade and Tourism (Mincetur) Minister Juan Carlos Mathews said in an interview with Andina news agency.

"We estimate that Peru could be on the verge of completing negotiations with Hong Hong in the middle of said year," he added.

Similarly, the FTA with India, whose negotiations started a few months before the COVID-19 pandemic hit, is expected to be concluded in the second half of next year.

"We have already resumed negotiations for an FTA with India, which we anticipate to conclude in the second half of 2024 as well," Mathews explained.

Likewise, Peru has set its sights on a third Asian country: Indonesia, a nation with which initial negotiations will be launched in the last month of 2023.

"Next December, the country will start negotiations with Indonesia: a market of 500 million consumers," the government official pointed out.

 source: Andina