Free trade agreement australia peru

International Trade: Australia Moves Closer to Free Trade Agreement with Peru

A map of Peru with its main cities
Negotiations for the FTA between Peru and Australia were launched on the 24th of May, 2017

Australian beef, dairy and sugar producers are getting excited at the prospect of a Free Trade Agreement (FTA) between Australia and Peru. Negotiations for the FTA were launched on the 24th of May and are expected to continue for the following months until an agreement is reached.

Currently, Australia and Peru do not have high rates of trade. This is not due to a lack of quality production, but is attributed to the high tariffs enforced by both governments; discouraging trade between the two nations. However, this will soon change as the negotiations come to an end, offering better incentives for Australian investors wanting to do business in Peru and other countries in Latin America.

Peru Investment Opportunities for Australian Investors and Companies

Those unaware of Peru´s economic/commercial situation may not realize the amount of investment opportunities available for foreign investors. Peru has always been a popular destination for Australian mining companies and with the possibility of a FTA between the two nations, the opportunities for international trade has increased.

Increases in exports will benefit a range of Australian industries, notably beef, horticulture and wine. One market that is showing great potential is the exportation of kangaroo meat. This opportunity is due to a combination of large scale production by Australian farmers and the fact that kangaroo meat would be a niche market in Peru.

These international trade opportunities, combined with the fact that Peru is an extremely attractive market for foreign investment, has resulted in an increase in the number of Australians choosing to do business in Peru. The Peruvian market has seen a growth in foreign start-ups such as company formations and incorporations; strongly encouraged by pro-investment government policies. Australian investors, along with foreigners from all corners of the globe are looking towards the business opportunities now available in Peru.

Why You Should Do Business in Peru

Peru has seen strong economic growth over the past years, and this trend is expected to continue. In addition to this strong economic growth, Peru is a stepping stone for access to other attractive markets in Latin America such as Colombia. Apart from the obvious economic benefits this FTA would bring to both nations, it also opens up work, travel and study opportunities.

Biz Latin Hub can assist you doing business in Peru

At Biz Latin Hub, we can provide you with the assistance you need when entering the market and doing business in Peru.

Our comprehensive portfolio of professional solutions includes accounting & taxation, company formation, due diligence, legal services, visa processing, and hiring & PEO, and we provided tailored packages of integrated back-office services to suit every need.

Whether you are interested in Peru imports and exports, or any other type of business venture, contact us today to find out more about how we can help you reach your commercial goals.

Or read about our team and expert authors.

Key services offered by Biz Latin Hub
Key services offered by Biz Latin Hub. International Trade: Australia Moves Closer to Free Trade Agreement with Peru

The information provided here within should not be construed as formal guidance or advice. Please consult a professional for your specific situation. Information provided is for informative purposes only and may not capture all pertinent laws, standards, and best practices. The regulatory landscape is continually evolving; information mentioned may be outdated and/or could undergo changes. The interpretations presented are not official. Some sections are based on the interpretations or views of relevant authorities, but we cannot ensure that these perspectives will be supported in all professional settings.
International Trade Experts
International Trade Experts

International Trade Experts are the Biz Latin Hub's leading experts on international commerce and ExIm regulations. You can get in touch with them via our "contact us page".

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