Overview

Negotiations for a Peru-Australia free trade agreement (PAFTA) began in May 2017. The deal was signed on February 12, 2018. The text has been released and a JSCOT inquiry on the implementing legislation may be announced in March 2018.

Australia and Peru were both part of Trans-Pacific Partnership (TPP) negotiations with the US and nine other countries.

AFTINET’s submission advocated against including harmful TPP provisions, including clauses that extended monopoly  rights on medicines and copyright, restricted other forms of public interest legislation and allowed foreign investors to bypass national courts and sue governments in international tribunals.

An FTA with Peru could lead to new details with Mexico and Colombia and an update of the existing agreement with Chile though the Pacific Alliance.

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Updated June 2017