MERCOSUR (Argentina, Brazil, Paraguay, Uruguay and Venezuela) and Peru are entering into negotiations for a free trade agreement (FTA) under the framework agreement between the Andean Community and MERCOSUR. 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. After seeing the many free trade agreements that Peru has with its neighbouring countries, you may be thinking about doing business, marketing your goods or meeting new customers there. There are different business structures in Peru that you might want to keep in mind if you are thinking about starting a business there. Biz Latin Hub sadvice would be for you to seek the help of a commercial lawyer in Peru if you are interested in trading in the country. This way, you can be sure to follow the rules.
Free trade agreements do not necessarily mean that you have to do less paperwork for your goods than before. In fact, it is often the opposite. This also applies to business creation. Peru has complex legal and accounting regulations that Peruvian lawyers and accountants are fully aware of, so that you invest more safely with the help of a company that has experience in the market, the IIA Navigator is continually adapted as a result of verification with and feedback from UN member states. It is based mainly on information provided by governments on a voluntary basis. A contract is entered into a country`s IGE census after its formal conclusion; Contracts that have been negotiated but have not been signed are not counted. A contract is excluded from the IGE census as soon as its termination comes into force, whether or not it may continue to have legal effects on certain investments during its “survival” period (“sunset”). If the contract is replaced, only one of the contracts between the same parties is accounted for. Depending on the situation, the contract counted may be “old” if it remains in force until the newly concluded AI is ratified. While every effort is made to ensure the accuracy and completeness of the content, UNCTAD assumes no responsibility for errors or omissions in this data. The information and texts contained in the database have a purely informative purpose and have no official or legal status.
If there is any doubt about the contents of the database, it is recommended that you contact the relevant ministry or states concerned. Users are encouraged to report agreements, errors or omissions via the online contact form. Peru`s economy depends mainly on its natural resources. About 15% of GDP depends on its extraction and exports. It is one of the largest producers of copper, gold and zinc in the world.