ISDS Case Map
Peru
The Ministry of Trade (Kemendag) stated that Indonesia and Peru are committed to immediately starting negotiations on the Indonesia-Peru Comprehensive Economic Partnership Agreement (IP-CEPA).
The International Centre for Settlement of Investment Disputes (ICSID) ruled in favour of Peru in a decade-long dispute with gold dealer Kaloti Metals & Logistics, LLC.
A free-trade agreement between Peru and China, which has been in effect since 2009, protects investments and has allowed increased trade between the countries.
India and Peru recently concluded the seventh round of talks for a proposed free trade agreement that took place in New Delhi, India from April 8 to April 11, 2024.
The negotiations between the two countries started way back in 2017 and had to be paused when the Covid-19 pandemic literally brought to a standstill.
India and Peru are trying to speed up talks on the proposed bilateral free trade agreement and have scheduled the seventh round of negotiations in New Delhi, from April 8, prior to which offer lists on goods and services are likely to be exchanged.
Peruvian and Moroccan trade leaders are exploring the possibilities of a bilateral free trade agreement to strengthen their economic relations and expand their trade cooperation.
The UAE and Peru have announced that they will start talks for a free trade agreement later this year.
India and Peru are entering the sixth round of talks for a bilateral Free Trade Agreement, with a key challenge being tariff concessions on gold. Concerns arise over a potential surge in gold imports, similar to the India-UAE Free Trade Agreement, as gold comprises 80% of India's imports from Peru, valued at $1.8 billion in 2022-23.
India hopes to conclude the FTA at the earliest as the South American country has the large deposits of lithium.
