Peru is seeking to strengthen its foreign trade with Singapore. In this regard, the
The event was held at the Ministry of Foreign Affairs headquarters in Lima during her official visit to the South American country.
He highlighted the multiple avenues for trade engagement between Peru and Singapore, noting that both countries share the need to preserve a rules-based trading system.
In that regard, the Peruvian official underscored the consolidation of the Free Trade Agreement between the Pacific Alliance and Singapore, whose entry into force represents a concrete opportunity to boost trade and investment.
Llona emphasized the importance of expediting the signing of the Origin Verification Agreement to facilitate trade among participating economies.
Likewise, he noted progress in Peru's accession to the Digital Economy Partnership Agreement (DEPA), a process currently undergoing internal finalization and expected to be completed soon.
The deputy minister stated that the agreement will boost e-commerce, digital interoperability, and innovation, opening a new stage in bilateral relations.
The official pointed to the country's interest in fully joining the Future of Investment and Trade (FIT) Partnership, an initiative aimed at strengthening resilient supply chains, promoting open trade, and facilitating investment.
Regarding the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Singapore's support during Costa Rica's accession process was highlighted. Peru chairs the corresponding working group.
Peruvian meat products gain access to Singapore
The meeting highlighted concrete progress, including the recent approval for Peruvian meat products to enter the Singaporean market, opening new opportunities for the national agro-industrial sector.
The
event included the participation of Foreign Affairs Minister Hugo de Zela, Environment Minister Nelly Paredes, and Deputy Minister of Agricultural Development Policies and Supervision Jorge Luis Saenz.
They addressed complementary issues related to investment, sustainability, and environmental cooperation.
Peru and Singapore have had a Free Trade Agreement in force since August 1, 2009, making it one of the South American country's earliest agreements with a Southeast Asian economy and a key step in its Asia-Pacific integration strategy.
At the bilateral level, trade between the two countries reached a historic record of $180 million in 2025, driven by combined growth in exports (US$84.2 million; +280%) and imports (US$95.5 million; +23%).
Peruvian agricultural shipments showed strong momentum, doubling in value to $19.3 million compared to the previous year, led by fruits such as blueberries.
Peru exports cacao to Singapore, with its value rising by more than 3,000% in 2025 due to high international prices. Shipments of lime essential oil reached US$1.4 million.
In the fisheries sector, the leading export product was shark fins, totaling $4.6 million in 2025.