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.

AFTINET’s submission advocates 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