Negotiations for a Peru-Australia free trade agreement (PAFTA) began in May 2017. The aim is to finalise a deal by the end of the year.
Australia and Peru were both part of Trans-Pacific Partnership (TPP) negotiations with the US and nine other countries. The text of this agreement is now defunct after the US, the TPP’s largest economy, withdrew from the agreement. However, we expect a push to use the text of the failed TPP as a basis of the Peru FTA.