CPFTA
Canada Peru free trade agreement
The Canada–Peru Free Trade Agreement (CPFTA), signed in 2008 and in force since August 2009, was designed to eliminate trade barriers, foster investment, and create a more competitive environment for both Canadian and Peruvian businesses. By reducing tariffs, opening access to new markets, and securing investment protections, the agreement has strengthened Canada’s position in Latin America while supporting Peru’s growing economy.
Canada Peru free trade agreement
Key Trade Benefits
Tariff Elimination: The CPFTA phased out tariffs of up to 25% on Canadian agricultural and agri-food products and up to 12% on mining, oil and gas equipment, and ICT goods exported to Peru.
Market Opportunities for Canadian Producers:
Agriculture: Durum wheat, malting barley, pulses, canary seed, pork, beef, and live cattle gained preferential access.
Mining and Energy: Canadian firms benefitted from supplying specialized mining equipment and services to Peru, which holds some of South America’s largest reserves of zinc, gold, silver, and lead.
Technology and ICT: Canadian companies gained opportunities to export wireless solutions, geomatics, health tech, and customized software as Peru expanded its digital infrastructure.
Services Access: Canadian companies became competitive bidders on Peru’s $40 billion infrastructure development plans, including projects in water treatment, power generation, transportation, and ports.
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Investment Protections and Growth
Integration with Investment Agreement: The CPFTA built on the Canada–Peru Foreign Investment Promotion and Protection Agreement (FIPA), in effect since 2007, giving Canadian investors stability, transparency, and dispute resolution mechanisms through binding arbitration.
Increased Foreign Direct Investment (FDI): Canada quickly became one of Peru’s most significant foreign investors, particularly in the mining, infrastructure, telecommunications, and oil and gas sectors.
Long-Term Growth: The agreement provided Canadian investors with stronger legal safeguards, encouraging long-term commitments to Peru’s fast-growing economy and positioning Canada as a key economic partner in Latin America.
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Other Programs
AIP
Atlantic Immigration Program
CETA
EU-Canada Trade Agreemen
CCFTA
Canada Chile Free Trade Agreement
CKFTA
Canada Korea Free Trade Agreement
CPFTA
Canada Peru free trade agreement
Charity / Religion
Charitable or Religious Work Permit
GATS
General Agreement on Trade in Services
GTS
Global Talent Stream
GSS
Global Skills Strategy
ICT
Intra-Company Transfer
LMIA
Labour Market Impact Assessment
LMIA Exemptions
Labour Market Impact Assessment Exemptions
RNIP
Rural and Northern Immigration Pilot
SBWP
Significant Benefit Work Permit
USMCA
The United States Mexico Canada Agreement