Ministry fosters trade agenda with Australia, projects Peruvian export growth

Photo: Ministry of Foreign Trade and Tourism of Peru

Photo: Ministry of Foreign Trade and Tourism of Peru

11:22 | Lima, Aug. 19.

In line with Peru's trade-opening and market-diversification agenda, Peruvian Foreign Trade and Tourism Minister Desilu Leon held a meeting with Australian Ambassador to Peru and Bolivia, Maree Ringland.

During the session, actions were coordinated to strengthen trade between the two countries, including the possibility to boost the promotion of Peruvian agricultural exporters to Australia, establish synergies in the mining sector, and explore opportunities for alpaca fiber and Peruvian cotton garments in the Australian market.

It is worth noting that, under the Peru-Australia Free Trade Agreement (PAFTA), Peruvian exports to Australia totaled around US$545.7 million in the first half of 2025, a 1,084.8% expansion compared to the same period last year.

This significant increase was driven by an extraordinary gold export worth US$509 million, as well as agro-industrial products such as coffee, mangoes, quinoa, and cocoa powder.

At another point, Ambassador Ringland invited Minister Leon to participate in the upcoming meeting of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to be held in November this year.

It is worth noting that the countries comprising the CPTPP together represent 12% of the global economy and a market of 502 million potential consumers.

During the session, Australia's ambassador also acknowledged Peru's efforts in leading the working group for Costa Rica's accession to the CPTPP, a process that Minister Leon is confident will be completed ahead of the next CPTPP meeting in November.

Deputy Foreign Trade Minister Teresa Mera also participated in the session.

(END) NDP/MVB

Published: 8/19/2025