ISDS Case Map
Peru
India’s push for trade pacts with Peru and Chile is a strategic move to diversify export destinations and reduce reliance on the US market.
Commerce Minister Suphajee Suthumpun meets Peru’s ambassador to strengthen trade ties and aims to conclude the upgraded Thailand–Peru FTA by 2025-end.
India is set to resume free trade agreement negotiations with Peru in November and will hold a second round of talks with Chile under the Comprehensive Economic Partnership Agreement in late October.
The three Latin American markets together could reportedly absorb around 20 percent of India’s exports currently shipped to the US, worth nearly $17 billion, without requiring major supply-chain changes.
Indonesia and Peru have signed the IP-CEPA to enhance trade competitiveness and reduce tariff barriers. This agreement marks Indonesia's second comprehensive partnership in South America, following Chile.
India and Peru are set to finalize a comprehensive Free Trade Agreement (FTA) by late 2025 or early 2026, strengthening economic ties between the two nations. Peru has invited Indian companies to invest and collaborate in critical sectors, especially rare earth minerals essential for clean energy, advanced technologies, and electric vehicles.
The dispute arose under the Free Trade Agreement between Canada and Peru and concerned Lupaka’s investment in the Invicta gold project, located in the Andean highlands of Peru.
Spanish gas grid operator Enagas said the World Bank's ICSID raised the amount the company is entitled to be paid in an arbitration process over a pipeline it built in the country.
A free trade agreement has entered into force for Singapore, Chile and Peru, three of the five partner countries in the Pacific Alliance-Singapore FTA.
Instead of supporting sustainable development, the agreement has primarily facilitated trade in environmentally harmful goods, and has also failed to introduce effective mechanisms to address sustainability challenges.
