The Mexico Peru Free Trade Agreement Came Into Effect.

The main purpose of the agreement is to promote bilateral trade and investment, including goods, services, investment, government departments and dispute settlement.

The two sides will reduce and exempt 12 thousand products tariffs within 10 years. After the agreement comes into effect, Mexico's 83% industrial products, including textiles and paper products, can be immediately imported into Peru without tariff, and food related products will be divided into 10 years.

In 1987, Mexico and Peru signed the ACUERDO DE COMPLEMENTACION ECONOMICA:ACE N degree 8, expanding the agreement in 2000 and taking into account issues such as trade in services, intellectual property rights and investment.

After years of consultation between the two sides, the two sides signed the bilateral trade integration agreement in Peru in April 6, 2011, which includes free trade agreements and passed by the parliament of Mexico.

According to the statistics of Mexico Bank (Central Bank of Mexico), the average annual growth rate of Mexico's exports to Peru in recent 10 years was 25%. In 2010 2011, Mexico exported $1 billion 180 million to Peru, up 32.1% from the same period in 2010.

Mexico has signed 13 free trade agreements globally: the North American Free Trade Agreement (NAFTA), Bolivia, Costa Rica, Columbia, Nicaragua, Chile, the European Union, the European Free Trade Association (EFTA), Israel, the three countries of Central America (Guatemala, Honduras and Salvatore), Uruguay, Japan and Peru.

Note: the European Free Trade Association (EFTA) was founded in 1960. It has four member countries, namely Switzerland, Liechtenstein, Norway and Iceland.

In addition to the European Union, EFTA has signed free trade agreements with 13 other countries.

The European Union, EFTA and EFTA were signed.