Peru is located in western South America, bordering Chile, Bolivia, Brazil, Colombia, Ecuador and the Pacific Ocean, and it is a natural resource rich nation with a long history of mineral and agricultural extraction.
Peru has one of the best performing economies in Latin America. Over the past five years, the country has made great strides in its development achieving high growth rates, low inflation, macroeconomic stability, reduction of external debt and significant advances in social and development indicators.
Canada and Peru have a well-established growing investment and trade relationship; the Peru-Canada Free Trade Agreement came into effect in August, 2009. Canada and Peru have also signed a Foreign Investment Promotion and Protection Agreement (FIPA), which provides increased protection and predictability for Canadian investors and their investments in Peru.
Peru has numerous varieties of products to offer to the Canadian market. Peruvian agricultural producers specialize in the production of many fresh products. A variety of other frozen and preserved produce is also available for export, as are organic variations of all produce. The demand for Peruvian-made clothing and apparel has been increasing dramatically in recent years. The country’s pima and tanguis cottons are widely popular and of excellent quality. A range of frozen and preserved fish and seafood is available to Canadian businesses, including species such as: trout, scallops, Peruvian anchovy, squid, king prawns, Mahi-Mahi, Peruvian Pacific sardine, mackerel, smelt, tuna, eel, and shrimp. Peru’s talented artisans also make use of an extensive selection of natural materials including wood, leather, ceramic, and a variety of natural fibres to craft home décor items and accessories, household textiles, and furniture.