United States, China, Thailand, the European Free Trade Association, Canada, Chile, Mexico, Japan are just some of the Free Trade Agreements that cover over 92% of Peru´s exports.
Peru has signed a number of Free Trade Agreements (FTAs) covering approximately 92.2% of its exports as of December 31, 2015. Free Trade Agreements (FTAs) have been entered into with the United States, China, Thailand, the European Free Trade Association (EFTA) the Southern Common Market (MERCOSUR), South Korea, Canada, Costa Rica, Chile, Mexico, Venezuela, Panama, Japan, Singapore, Cuba, Pacific Alliance and the Andean Community. It has also 28 Bilateral Reciprocal Investment Promotion and Protection Agreements (BRIPPAs). Finally, Peru has culminated trade negotiations corresponding to the Trans-Pacific Partnership Agreement, which includes Chile, the United States, Singapore, Australia and New Zealand, among others.
The Free Trade Agreement (FTA) with the United States entered into force on February 1, 2009, opening the way to greater trade and investment between both countries. Likewise, the Free Trade Agreement (FTA) with China became effective in 2010. More recently, the Free Trade Agreement (FTA) with Japan came into force on March 1, 2012. Additionally, Peru entered into the Framework Agreement of the Pacific Alliance in April 2011, a trading bloc that it forms part of together with Chile, Colombia and Mexico, aimed at encouraging regional integration and the greater growth, development and competitiveness of their economies, as well as the achieving the free circulation of goods, service, capital and people.
Peru is an active member of the Asia Pacific Economy Cooperation (APEC) Forum, together with 20 other economies from that Region. It is also a member country of the Latin American Integration Association (ALAID) and MERCOSUR.