Peru FTA

Overview

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.

Peru FTA includes investor rights to sue governments, but no text available for independent assessment

Media Release, November 10, 2017: The announcement of the completion of the Peru-Australia Free Trade Agreement at the APEC meeting in Vietnam without access to the text again demonstrates the flaws in the secretive trade agreement process, in which governments announce agreements without making the text public and without independent assessment of the costs and benefits,” AFTINET Convener Dr Patricia Ranald said today.