Free Trade Agreement (FTA) Peru - Canada

Free Trade Agreements (FTA) of Peru - Canada Free Trade Agreements (FTA's)

Course summary Free Trade Agreement (FTA) Peru - Canada:

The Canada-Peru Free Trade Agreement (FTA), Labour Cooperation Agreement (LCA) and Agreement on the Environment (EA) entered into force on August 1, 2009.

The FTA provides enhanced market access in service sectors that are of interest to Canada, including mining, energy and professional services. Canada’s banking, insurance and securities sector will also benefit from greater access to the Peruvian marketplace.

Peru will immediately eliminate tariffs on 95 percent of current Canadian exports, with most remaining tariffs to be eliminated over a five- to ten-year period.

In 2008, two-way merchandise trade between Canada and Peru totalled more than $2.8 billion, with hundreds of Canadian companies doing business with Peru.

Major Canadian merchandise exports to Peru are cereals, leguminous vegetables (pulses), paper, technical instruments and machinery. Major imports from Peru consist of gold, zinc and copper ores, oil, animal feed and vegetables.

Canada is a significant foreign direct investor in Peru’s mining sector and an overall important source of FDI in Peru, with an estimated $1.8 billion of investment stock in Peru in 2007. The financial services sector is also a destination for Canadian direct investment in Peru.

In 2007, Canada's bilateral trade in services accounted for 13% of total exports and 18% of imports.

Example of the course Free Trade Agreement (FTA) Peru - Canada:

Source: Foreign Affairs and International Trade Canada

Example of the course Free Trade Agreement (FTA) Peru - Canada (Spanish):

Master International Business for Canadian Students

 Educational level: Continuing education / Executive education programs.