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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


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
Trade with Mexico to double in five years thanks to FTA
The Ministry of Foreign Trade and Tourism (Mincetur) estimated Thursday that once the Free Trade Agreement (FTA) between Peru and Mexico comes into force trade will double in five years.
Peru-Panama FTA to come into force in 1Q 2012
Peruvian Minister of Foreign Trade and Tourism Jose Luis Silva on Wednesday said that the Free Trade Agreement (FTA) signed with Panama will come into effect in the first quarter of 2012 after being approved by the National Assembly of said Central American country on Tuesday.
Peru to sign FTA with Guatemala on Tuesday after Pacific Alliance Summit
Peru and Guatemala will sign a Free Trade Agreement (FTA) on Tuesday, December 6 in a ceremony which will count with the participation of Minister of Foreign Trade and Tourism Jose Luis Silva.
Peru to seek more free trade pacts
Peru’s new Foreign Trade and Tourism Minister Jose Luis Silva said Monday he will push negotiations on a number of pending and prospective free trade agreements (FTA).
Peru-EFTA FTA to come into effect on July 1
The Free Trade Agreement (FTA) signed between Peru and the European Free Trade Association (EFTA) -consisting on Switzerland, Iceland, Liechtenstein and Norway- will come into effect on July 1, Peru’s Executive branch noted Friday.