Peru: Free Trade Agreements
These treaties have diversified the Peruvian economy, reduced its dependence on traditional export markets, and fostered competitiveness. Below is a summary of Peru’s main FTAs, including their dates of signing and primary objectives:
Bilateral Agreements
Explore Peru’s most influential one-on-one trade agreements and their legal implications for foreign businesses.
United States – Peru Trade Promotion Agreement (TPA)
Signed: April 12, 2006
In force: February 1, 2009
Summary: This agreement eliminated most tariffs and provided comprehensive access to the U.S. market. It also strengthened intellectual property rights, labor protections, and environmental standards. The U.S. remains one of Peru’s main trading partners.
China – Peru Free Trade Agreement
Signed: April 28, 2009
In force: March 1, 2010
Summary: As China’s first FTA with a Latin American country, this treaty has significantly boosted Peruvian exports, especially minerals, fishmeal, and agricultural products. In return, it opened the Peruvian market to Chinese goods, helping reduce costs of technology and machinery.
European Union – Peru Trade Agreement
Signed: June 26, 2012
In force for Peru: March 1, 2013
Summary: This comprehensive agreement with the EU has opened the door to a market of over 500 million people. It covers goods, services, public procurement, and sustainable development, and has benefited Peru’s agricultural sector, particularly exports of coffee, fruits, and fish.
Chile -Peru Free trade Agreement
Signed: August 22, 2006
In force: March 1, 2009
Summary: Main products on the Peruvian side, exports of minerals, agro-industrial goods such as fruits and superfoods, and textile products. In turn, Chile exports to Peru primarily fuels, newsprint, fertilizers, and copper-based products.
Canada – Peru Free Trade Agreement
Signed: May 29, 2008
In force: August 1, 2009
Summary: The FTA with Canada promotes trade and investment by eliminating tariffs and protecting investors. Mining and agriculture are among the key sectors that have benefited from the agreement.
South Korea – Peru Free Trade Agreement
Signed: March 21, 2011
In force: August 1, 2011
Summary: Enables Korean firms to enter Peru’s automotive, electronics, and textile markets with reduced barriers and legal protections.
Multilateral Agreements
Understand Peru’s role in broader trade blocs and how these agreements shape cross-border legal strategy.
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
Peru’s participation grants access to 10 Pacific economies with unified rules of origin, IP protections, and investment safeguards.
Pacific Alliance (Chile, Colombia, Mexico, Peru)
A regional integration model with harmonized customs, mobility agreements, and shared dispute resolution frameworks.
MERCOSUR – Peru Economic Complementation Agreements
Though not a full member, Peru maintains legal cooperation and tariff preferences with MERCOSUR countries through tailored protocols.
Strategic Benefits for Foreign Investors
Legal advantages that Peru’s FTAs offer to international businesses.
Tariff Reductions and Market Access
FTAs eliminate or reduce import duties, allowing foreign companies to compete more effectively in Peruvian markets.
Legal Certainty and Investment Protections
Most agreements include clauses on fair treatment, expropriation safeguards, and access to international arbitration.
Dispute Resolution Mechanisms
Investors can rely on neutral forums such as ICSID or UNCITRAL for resolving commercial and treaty-based disputes.
How to Leverage FTAs in Peru
Legal services and compliance strategies to maximize treaty benefits.
Customs Procedures and Documentation
Our firm assists clients in navigating Peruvian customs law, ensuring proper classification, valuation, and origin certification.
Sector-Specific Opportunities (Mining, Agroindustry, Textiles)
We provide legal analysis and contract structuring for industries that benefit most from Peru’s FTAs.
Legal Advisory for FTA Compliance
From due diligence to regulatory filings, we ensure your operations align with treaty obligations and Peruvian law.