Tariffs, which until now were up to 12 per cent on Canadian oil and gas equipment, are being abolished by the agreement. Peru`s zinc, lead, silver and gold reserves are the largest on the South American continent; It requires drills, drills, drills, special vehicles and other mining equipment, as well as engineering, geophysics and metallurgical services. [4] Contact the Canadian customs officer to investigate customs information on the Peruvian market under the Canada-Peru Free Trade Agreement (CPFTA) and other foreign markets with which Canada has a free trade agreement. The Canada-Peru Free Trade Agreement (CPFTA) is a free trade agreement between Peru and Canada. On August 1, 2009, signed on May 1, 2008, it came into effect on August 1, 2009. [1] [2] For eFTA-Peru trade statistics, see THE EFTA trade statistics tool 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. China is Peru`s second largest trading partner; In 2006, 9.6% of Peruvian exports and 10.3% of Peruvian imports accounted for trade of 5.5 billion $US in 2007. In 2006, companies based in the People`s Republic of China accounted for only 1.5% of foreign direct investment in Peru. [10] Under the agreement, 10% of Peruvian products such as textiles, clothing and footwear were excluded from the agreement, while only 1% of Chinese products – wood and tobacco – were excluded, said Eduardo Ferreyros, Peru`s deputy foreign minister. [8] The proposed Chinese trade agreement – Peru has drawn criticism from some economic sectors that feel threatened by Chinese competition; This is the case for the textile industry, which claims that the low wages paid by its Chinese counterparts are an unfair advantage.

[11] As an alternative, these sectors have proposed to exclude products such as textiles from the agreement or to remove them for a period of time. [11] Strong protection for U.S. investors: the agreement created a safe and predictable legal framework for U.S. investors operating in Peru. All forms of investment are protected by the agreement. In almost all circumstances, U.S. investors will benefit from the right to create, acquire and operate investments in Peru on an equal footing with local investors. Chapter 4 on services refers to the WTO`s General Agreement on Trade in Services (GATS).