Peru

Unlocking New Opportunities for Growth and Diversification

Peru, a vibrant and rapidly evolving economy in South America, presents a compelling opportunity for Canadian companies seeking to expand their global footprint. With its strategic location, rich natural resources, and progressive trade policies, Peru serves as an ideal partner for Canadian businesses aiming to diversify beyond traditional markets. Here’s why exporting to Peru should be on every Canadian company’s radar:

The Canada-Peru Free Trade Agreement (CPFTA), in force since 2009, eliminates tariffs on over 95% of Canadian exports, spanning sectors like agriculture, machinery, and technology. This agreement ensures predictable market access, reduced costs, and protections for investors, creating a stable environment for trade. Additionally, Peru’s membership in the Pacific Alliance (with Chile, Colombia, and Mexico) offers Canadian companies indirect access to a combined market of over 230 million consumers.

Peru’s economy thrives on natural resources, notably mining, where it ranks globally as a top producer of copper, silver, and gold. Canadian expertise in mining technology, equipment, and sustainable practices aligns perfectly with Peru’s needs, fostering partnerships in innovation and environmental stewardship. Beyond mining, Peru’s growing middle class drives demand for high-quality consumer goods, education services, and agri-tech solutions—sectors where Canadian innovation excels.

Peru’s Pacific coastline positions it as a gateway to Asian markets, complementing Canada’s Indo-Pacific Strategy. Companies can leverage Peru’s infrastructure and trade networks to reach broader Latin American and Asian audiences, enhancing global supply chain resilience.

Canada’s Trade Commissioner Service in Peru provides invaluable guidance, from navigating regulations to connecting with local partners. Initiatives like the Export Development Canada (EDC) further mitigate risks, offering financing and insurance solutions tailored to international ventures.

Shared commitments to sustainability and Indigenous partnerships create common ground. Peru’s focus on renewable energy and biodiversity conservation opens doors for Canadian clean-tech firms, while cultural appreciation for quality and innovation mirrors Canadian values.

Exporting to Peru is not merely about accessing a $260 billion economy—it’s about forging long-term partnerships in a market ripe with potential. By capitalizing on the CPFTA, sectoral synergies, and Peru’s strategic advantages, Canadian companies can reduce dependency on saturated markets and tap into Latin America’s growth story. In an era of economic uncertainty, Peru offers stability, opportunity, and a bridge to the future.