Economy of Peru - Trade Agreements

Trade Agreements

According to the Ministry of Foreign Trade and Tourism, Peru decided to negotiate trade agreements in order to consolidate the access of Peruvian exports to its most important markets by giving them permanent benefits unlimited in time and coverage as opposed to temporary commercial preferences given unilaterally by certain countries; a system that did not allow Peruvian exporters embark in long-term export-related investments.

Economic Complementation Agreement

  • Integration Agreement with Andean Community of Nations: Bolivia, Ecuador and Colombia (signed and effective 1969)
  • ACE 50 with Cuba (signed October 2000 and effective 2001)
  • ACE 58 with Mercosur (signed August 2003 and effective November 2005)
FTA (Free Trade Agreement) currently in force
  • FTA with United States (signed April 2006 and effective February 2009).
  • FTA with Chile (signed August 2006 and effective March 2009)
  • FTA with Canada (signed May 2008 and effective August 2009)
  • FTA with Singapore (signed May 2008 and effective August 2009)
  • FTA with China (signed April 2009 and effective March 2010)
  • FTA with South Korea (signed March 2011 and effective August 2011)
  • FTA with Mexico (signed April 2011 and effective February 2012)
  • FTA with Japan (signed May 2011 and effective March 2012)
  • FTA with Panama (signed May 2011 and effective May 2012)
  • FTA with EFTA Switzerland, Liechtenstein, Iceland and Norway) (signed July 2010, Switzerland and Liechtenstein effective July 2011, Iceland effective October 2011, Norway effective July 2012)
FTA (Free Trade Agreement) concluded
  • Partial FTA with Thailand (last protocol signed November 2010)
  • FTA with European Union (signed April 2011)
  • FTA with Costa Rica (signed May 2011)
  • FTA with Guatemala (signed December 2011)
  • Partial FTA with Venezuela (signed January 2012)
FTA (Free Trade Agreement) in negotiation
  • FTA with TPP
  • FTA with El Salvador
  • FTA with Honduras
  • Pacific Alliance

Read more about this topic:  Economy Of Peru

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