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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


Trade deals expected to create 40,000 jobs over 10 years
The Inter-American Development Bank says Peru’s free trade agreements with the United States, China and the European Union will create at least 40,000 jobs in the Andean country over the next 10 years
Peru to negotiate FTA with Central America in May
Peru will begin negotiations to sign a Free Trade Agreement with Central America in May next year, Peru’s Ministry of Foreign Trade and Tourism
China may displace the US as main trading partner of Peru
On December 7, Peru’s government ratified a free trade agreement with China, noting that this decision "favors Peru’s interests." Peru is one of China’s major trading partners in Latin America.
Peru signs agreement with European free trade pact nations
Peru formally concluded a joint free trade agreement with Switzerland, Norway, Liechtenstein and Iceland on Friday, said trade and tourism minister Martin Perez.
Peru-Singapore free trade pact to take effect Aug
A free trade agreement between Peru and Singapore will take effect on Aug. 1, the first pact between the resource-rich Latin American nation and Asia, Peruvian Trade & Tourism Minister Martin Perez said on Wednesday.
156 arrested in Peru anti-government protests
Peru’s national police chief says 156 people were arrested during anti-government and anti-free trade protests called by the country’s largest labour union.
Perú: Solidarity with the struggle of the Amazonian peoples of Peru!
We ask our libertarian comrades to organise mobilisations and demonstrations outside Peruvian embassies in every country, in coordination with other sectors in struggle, in order to denounce the actions of the State and the multinationals in this country
Peru and Japan start free-trade negotiations
Peru and Japan have launched the first round of negotiations for a planned free-trade pact as Peru’s government pledges closer ties to Asia’s markets.
Chinese mining giants to invest $7.4 billion in Peru over next 5 years
Chinese mining giants Minmetals, Chinalco, Shougang and Zijin plan to invest over 7.4 billion dollars in Peru during the next five years, Peruvian Vice President Luis Giampietri said. Giampietri met in late April with the CEOs of these mining groups after attending the signing ceremony of Peru-China Free Trade Agreement (FTA) in Beijing.
Peru: Amazonian indigenous people rise up
“Since April 9, an uprising has been occurring in the Peruvian countryside involving the Amazonian indigenous peoples from 1350 communities and a diversity of ethnicities”, said legendary peasant leader, Hugo Blanco in an important message. A translation of Blanco’s appeal for solidarity with this so-far mostly unreported struggle is printed below.