The Peruvian Government officially delivered the
and its Protocol—a decisive step that will enable the agreement's forthcoming entry into force and strengthen economic integration between the two nations.
"This act represents a decisive step in strengthening the economic and trade relationship between Peru and Guatemala," Reyes stated.
"With these instruments, once they enter into force, we are consolidating a modern and predictable bilateral legal framework that will provide greater certainty for economic operators and create new opportunities for trade, investment, and cooperation," he added.
The diplomatic note was formally delivered during a ceremony held at Torre Tagle Palace in Lima on Monday.
Minister Reyes noted that this important achievement was made possible through the technical work carried out by both governments.
He added that the Ministry of Foreign Trade and Tourism (Mincetur) will soon issue the supreme decree bringing the agreement into force, which will enable the FTA and its Protocol to enter into force, thereby completing the procedure for their effective implementation and launching a new stage in economic relations between Peru and Guatemala.
The ratification of the FTA and its Protocol reaffirms Peru's commitment to an integration agenda based on market openness, clear rules, legal certainty, and mutual benefits.
It will also help reduce trade barriers, promote investment, and expand opportunities for more companies, particularly small and medium-sized enterprises, to access new markets.
Third-largest trading partner in Central America
The significance of the agreement is reflected in bilateral trade figures.
In 2025, trade between the two countries reached approximately US$206 million, making Guatemala Peru's third-largest trading partner in Central America, after Panama and Costa Rica.
"These figures show that our countries have an active and complementary trade relationship with significant growth potential," Minister Reyes stated.
"The forthcoming entry into force of the FTA and its Protocol will open a new stage for expanding trade in goods and services, diversifying the export offering, promoting stronger production linkages, and facilitating the participation of more businesses, particularly micro and small enterprises (MSEs)," he added.
Peruvian exports to Guatemala totaled US$132 million in 2025 and included agricultural products such as grapes, palm oil, and mandarins; chemical and pharmaceutical products; plastic sheets and strips; metal-mechanical goods such as generator sets; as well as zinc and lubricating oils.
Meanwhile, Peru mainly imports sugar from Guatemala, among other products.
More than a decade in the making
The Free Trade Agreement between Peru and Guatemala was signed on December 6, 2011, and ratified by Guatemala's Congress in 2013.
Following various technical and legal processes, both countries resumed negotiations in 2024 and reached agreement on an Amending Protocol that enabled them to unlock the document's entry into force.
The Peruvian Government ratified the Agreement and its Protocol through Supreme Decree No. 023-2026-RE, published on May 29, 2026.