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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 wants to see Japanese investments in manufacture, technology
Peru wants to see increased investments from Japan in manufacturing and technological products, said Peruvian Foreign Trade and Tourism Minister Eduardo Ferreyros, adding that the recent signing of the bilateral free trade agreement is beneficial for both nations in boosting trade and opening up investment opportunities.
Peru, Japan FTA to contribute to increase trade flow in 30%
Peru and Japan will increase trade flow in 30 percent thanks to the signing of a bilateral Free Trade Agreement (FTA) by both countries which will come into effect in a short term, reported Tuesday Peruvian Minister of Foreign Trade and Tourism Eduardo Ferreyros.
Peru, Venezuela likely to end trade agreement talks in July
Negotiations on a Trade and Productive Complementation Agreement between Peru and Venezuela will conclude in July, Peruvian Minister of Foreign Trade and Tourism Eduardo Ferreyros estimated.
Peru sees FTAs with Panama, Costa Rica coming into force in January 2012
Peru’s free trade agreements (FTAs) with Panama and Costa Rica are expected to come into force in January 2012, according to the Andean country’s Foreign Trade and Tourism Ministry.
Peru, EU to officially sign FTA on Wednesday
Peru and the European Union will officially sign a bilateral Free Trade Agreement (FTA) on Wednesday, April 13, in Brussels, Belgium, according to a ministerial resolution published Sunday by the Ministry of Foreign Trade and Tourism (Mincetur).
Peru, Mexico move toward Latam trade integration
Mexico and Peru signed a trade agreement on Wednesday after five years of negotiation
Peru to sign agreements with Guatemala, Costa Rica Chambers of Commerce
Peru’s Export and Tourism Promotion Board (Promperu) will sign two agreements with Guatemala and Costa Rican Chambers of Commerce, with which Peru has carried out different activities for some time.
Peru’s horticulture industry could raise European exports by 50% after FTA
The Peruvian-German Chamber of Commerce and Industry has announced Peru’s fruit, legume and vegetable exports to Europe will likely rise 50% after a free trade agreement with the European Union comes into effect in 2012.
Peru exported 140 non-traditional products to China
Peru exported 140 new products from the non-traditional sector to the People’s Republic of China in the first year of the enforcement of the bilateral Free Trade Agreement (FTA), said Thursday Deputy Minister of Foreign Trade, Carlos Posada.
Peru-EFTA trade pact to come into force in July
The free trade agreement between Peru and the European Free Trade Association (EFTA) countries -Switzerland, Norway, Iceland and Liechtenstein- will come into force from July, Trade and Tourism Minister Eduardo Ferreyros said Monday.