Approval for the talks was given by the Union Cabinet chaired by Prime Minister Narendra Modi.
"Peru and India should have a first technical meeting in the first three months of 2017 to establish the roadmap of this process so that they can properly start negotiations," the Deputy Minister of Foreign Trade said
The Australian government said it considers the possibility of negotiating an FTA with Peru, as the Asia-Pacific faces the potential collapse of the Trans-Pacific Partnership (TPP).
The negotiations broke off in June 2011 and the two countries signer the agreement in Lima in May 2015.
As Indonesia accelerates talks with 15 Asia-Pacific nations, it is prioritizing the conclusion of five trade deals to open access to foreign markets and lure inflows of investment.
The leaders of Japan and Peru have agreed to press ahead with efforts to implement the Trans-Pacific Partnership, despite a pledge by President-elect Donald Trump to pull the US out of the free trade deal.
China and Peru on Monday signed a memorandum of understanding in Lima to conduct a feasibility study on upgrading the China-Peru Free Trade Agreement.
In a blow to the suspended U.S.-backed TPP, several countries in the Pacific Rim are now looking to join China’s free trade agreements.
"Our experience in Peru demonstrates how the TPP model prioritizes trade and investment above the protection of the environment, ecosystems, and life itself."
In protests billed as “anti-colonial” demonstrations, Peruvians hit the streets on 12 October against the Trans-Pacific Partnership and the Trade in Services Agreement
Peru has already started to work on a proposal for post-Brexit FTA negotiations with the United Kingdom based on the EU-Peru trade deal
Dozens of Indigenous people in Peru have been absolved of accusations that they were responsible for a massacre seven years ago that killed at least 32 people, due to intense conflict triggered by the country’s free trade agreements.
Financial companies have figured out how to turn a controversial global legal system to their own very profitable advantage.
A hearing on jurisdiction and the merits in the case will be transmitted live via internet feed from 7-14 September 2016.
Uruguay, which will soon sign a free trade deal with Chile and upgrade its agreement with Mexico, has been invited by Colombia and Peru to turn its current agreements with them into an FTA as well
India and Peru look to cement a rapidly growing trade relationship with a free trade agreement.
Peru ratified its free trade agreement (FTA) with Honduras on July 24, 2016, according to a statement from Peru’s Ministry of Trade and Tourism (MINCETUR).
“We hope that after the decision, the State will concentrated its efforts to provide a sustainable solution to the environmental pollution in the city La Oroya.”
A World Bank panel rejected a lawsuit filed against Peru by New York-based Renco Group Inc on technical grounds.
Gramercy Funds Management has filed a $1.6 billion claim against Peru for its refusal to redeem land bonds from the 1970s agrarian reform.