Since 2012, there has been a free trade agreement between Mexico and Peru. This agreement was intended to strengthen trade relations and has no time limit. It promises the free exchange of goods, services and investment between the two economies. Mexico is Latin America`s second largest economy and this agreement offers great opportunities for Peruvians, especially when it comes to importing manufactured products such as canned fish, biscuits, wood, shrimp and other previously unknown products. EFTA states signed a free trade agreement with Peru on 24 June 2010 in Reykjavik, Iceland. Peru signed the agreement on 14 July 2010 in Lima, Peru. The agreement came into force on 1 July 2011 for Peru, Liechtenstein and Switzerland, 1 October 2011 for Iceland and 1 July 2012 for Norway. Trade between Thailand and Peru has grown exponentially since the adoption of the free trade agreement in December 2011. Thailand mainly imports minerals (zinc, copper) and foods such as flour, fishmeal, fish pellets, fresh grapes and peruvian squid. There are still positive effects of this agreement in Peru, as many Thai companies are considering investing in Peru.

As a result of this agreement, more and more Thai companies are opening their doors in Peru. The European Union is a crucial market that Peru must have access to. A free trade agreement was signed in 2013, allowing Peru direct access to more than 490 million consumers, as the EU itself grants free trade between member states. The EU is a fantastic market for Peruvian products, requiring the production of asparagus, avocados, coffee, fruit and other agricultural products. The peru-South Korea Free Trade Agreement came into force in 2011. South Korea is the third Asian country to sign a free trade agreement with Peru. This free trade agreement has a 10-year validity period and its main objective is trade: to make trade tax-free in order to stimulate trade in goods and services. This agreement gave Peru access to a huge market for fresh agricultural products. Having seen Peru`s recent growing economic relations with Asia in terms of trade, we will now take a close look at Peru`s position as an international trading partner. In this article we will conclude the preferential agreements that Peru has with its trading partners around the world.

The U.S.-Peru Free Trade Agreement (PTPA) came into force on February 1, 2009. The PTPA removes tariffs and removes barriers to U.S. services, provides a safe and predictable legal framework for investors, and strengthens the protection of intellectual property, workers and the environment. The PTPA was the first existing agreement that contained innovative environmental and workers` rights provisions introduced as part of the multi-party trade policy agreement developed by congressional leaders on 10 May 2007. Bilateral agreements on agricultural products between three EFTA states and Peru have been concluded in parallel and are part of the instruments for setting up the free trade area between the two sides. For EFTA-Peru trade statistics, see the EFTA Trade Statistics Tool, the world`s largest trade organization. Peru has been a member of the WTO since its inception in 1995. The rules governing trade between almost all countries of the world are discussed within this institution. Peru is located in the 164 largest trading nations in the world. So far, all trade agreements with the WTO have been ratified by Peruvian national law.

Peru is well represented all over the world.