Access to International Markets

Peru has been granted special tariff preferences for the export of its products to the main international markets, and maintains a proactive attitude in relation to integration mechanisms enabling access to new markets that will open up to investors.

Strategic Agreements in place:

United States: The Peru Trade Promotion Agreement (APC, Spanish acronym), commonly known as the first Peru-USA FTA, has been in force since February 1, 2009.  A large part of the growing export activity over the past years has been the result of the preferences granted under this trade agreement.

Canada: The Free Trade Agreement between Canada and Peru was signed on May 29, 2008 and became effective on August 1, 2009.

Singapore: This trade agreement became effective since August 1, 2009, after technical negotiations were finished in August 2007.

China: The FTA between Peru and the People's Republic of China, signed on April 28, 2009, became effective on March 1, 2010 and is expected to turn out a very significant export driver for the nation.

South Korea: Negotiations started in March 2009 and became effective on August 2010.

Agreements under negotiation:

European Union: The FTA was signed in May 2010 and both legislative bodies are expected to ratify it in 2011 for them to become fully effective.

Japan: The FTA was signed in May 31, 2011 and both legislative bodies are expected to ratify it in June 2011 for them to become fully effective.

Other Trade Agreements in Effect:

APEC: Peru is a party to the Asia Pacific Economic Cooperation forum, intended to facilitate development of economic-trade cooperation mechanisms with all other 20 economies making up the Asia-Pacific region.

Andean Community of Nations: Peru is also member, with three other countries, of the Andean Community of Nations, comprising 100 million inhabitants and a combined annual GDP exceeding US$280 billion.

Latin America: Peru has entered into economic agreements providing for preferential tariffs with most of Latin American countries, including the MERCOSUR.  These agreements are being expanded with Chile and Mexico.

Thailand: The Peru-Thailand Free Trade Agreement was signed on November 8, 2005.