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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, Morocco Eye Economic Expansion with Potential Free Trade Agreement Talks
Peruvian and Moroccan trade leaders are exploring the possibilities of a bilateral free trade agreement to strengthen their economic relations and expand their trade cooperation.
Peru and Hong Kong begin the first round of trade negotiations for the signing of an FTA
The first round was held online for some groups, from January 30 to Friday, February 3, while other groups will meet in person during the week of February 6 to 10, in Hong Kong.
Peru’s Government authorizes delegation trip to start FTA negotiations with Hong Kong
A Peruvian delegation will be in the People’s Republic of China from February 6 to 10, 2023 in order to start negotiations for a Free Trade Agreement with Hong Kong.
Peru’s ambassador to China: “The FTA with China is becoming obsolete”
Peru’s ambassador to China says Peru should strengthen bilateral relations and trade, and need to update its free trade agreement with China.
Peru close to starting FTA negotiations with Hong Kong and Indonesia
Peru Foreign Trade and Tourism Minister reported that exploratory work with a view to starting negotiations for future FTAs between Peru and the economies of Hong Kong and Indonesia will commence shortly.
Peru has become Chinese firms’ preferred investment destination in LatAm
The ten-year old FTA between China and Peru is one of the agreements with the highest level of liberalization of goods trade that China has signed.
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.