Peru has 24 trade agreements in force, linking it to 59 of the world's leading economies,
The government official delivered a speech at the ceremony marking the 53rd anniversary of the Peruvian Exporters Association (Adex).
Within this framework, he explained that, as a result of these trade agreements, Peruvian products enjoy preferential tariff treatment when entering those markets.
According to the Ministry of Foreign Trade and Tourism (Mincetur), Peru's trade liberalization policy has enabled the country to sign trade agreements with economies that account for 82% of the world’s gross domestic product (GDP).
Diversification
In this regard, Minister Gomez highlighted the importance of fully harnessing Peru’s trade agreements network to diversify its export portfolio, generate greater added value, and increase the participation of more Peruvian companies in international markets.
The Cabinet member congratulated Adex on its 53rd anniversary.
Likewise, he highlighted its participation in various technical working groups and committees, where it helps convey the business sector's needs, as well as contributes to the formulation and implementation of public policies aimed at strengthening the competitiveness of foreign trade.
"We particularly value the technical contribution Adex makes in these public-private dialogue forums, helping identify practical solutions to reduce logistics costs, improve trade facilitation, and strengthen the competitiveness of Peru's exports," he indicated.
It is worth noting that trade agreements bring benefits extending beyond trade-related matters and have a positive impact on the economy as a whole.
The agreements help reduce and, in many cases, eliminate tariff and non-tariff barriers to trade; contribute to improving companies' competitiveness by enabling access to raw materials and machinery at lower costs; and facilitate increased foreign investment by providing investors with certainty and long-term stability.
Additionally, they help the country compete on equal terms with other countries that have secured preferential market access through similar trade agreements, while also providing advantages over countries that have not negotiated preferential trade agreements.
The treaties promote job creation driven by increased export activity as well.
Moreover, trade liberalization fosters the country's greater integration into the global economy, helping reduce growth volatility, country risk, and the cost of financing for the private sector as a whole.
Data
- Peru's exports totaled US$45.128 billion between January and May this year, up 36.7% from the same period last year, according to Mincetur.
- Non-traditional exports alone rose 2.4%, reaching US$8.802 billion during the first five months of 2026.