Hello everyone. Today we will talk to you about a very important agreement in Latin America: the Free
Trade Agreement between Mexico and Peru.
Mexico and Peru, two countries with a rich history and culture, have strengthened their economic ties
through this agreement. But what does this agreement really entail?
The Free Trade Agreement (FTA) between Mexico and Peru was signed on April 6, 2011 and entered into
force on February 1, 2012. This treaty's main objective is to promote trade and investment between
both nations.
Background:
Prior to the signing of the FTA, trade relations between Mexico and Peru were already significant, but
were limited by tariff and regulatory barriers. Both countries saw the need for an agreement that would
facilitate the exchange of goods and services, and after several rounds of negotiations, the agreement
was finalized in 2011.
Negotiations focused on key issues such as market access, rules of origin, customs procedures,
intellectual Property, and sanitary and phytosanitary measures, seeking to create a framework that
would benefit both countries.
Objectives of the Agreement
The FTA has several fundamental objectives:
1. Eliminate tariff barriers to facilitate trade.
2. To promote conditions of fair competition.
3. Increase investment opportunities.
4. Protect intellectual property rights.
5. Promote cooperation in areas such as the environment and the improvement of technical capabilities.
Benefits for both countries:
Thanks to the FTA, both countries have experienced multiple benefits.
For Mexico, NAFTA has allowed for increased exports of automobiles, machinery, electronics and other
manufactured goods to Peru. For Peru, the agreement has facilitated the export of agricultural products,
minerals and textiles to Mexico.
Bilateral trade has grown significantly since the implementation of the agreement. In 2020, trade
between the two countries reached US$2 billion.
