Context and Strategic Agenda
On October 5, 2025, officials from the Ministry of Foreign Trade and Tourism (MINCETUR) confirmed that India and Peru will convene the next round of Free Trade Agreement (FTA) negotiations in Lima on November 3, 2025. The upcoming session aims to deepen bilateral economic cooperation and expand market access across key sectors, with a particular focus on mining, commodities, and agricultural exports. The dialogue resumes after months of technical consultations and follows India’s renewed interest in strengthening trade ties with Latin American economies amid global supply chain realignments.
Economic Significance and Trade Opportunities
Peru currently exports over US$ 2 billion annually to India, primarily in copper, gold, zinc, and agricultural products such as grapes and avocados, while importing Indian pharmaceuticals, machinery, and textiles. The inclusion of mining and critical minerals in the negotiation agenda reflects growing convergence between the two economies, as India seeks to secure mineral inputs for its manufacturing and clean energy sectors. The talks are also expected to address tariff reduction mechanisms, investment protection frameworks, and rules of origin, which could enhance competitiveness for Peruvian exporters in South Asia’s fast-growing market.
Outlook and Diplomatic Momentum
If concluded, the India–Peru FTA would mark one of the most significant trade milestones between Latin America and South Asia, potentially setting a precedent for broader regional engagement. Both governments have expressed optimism about achieving mutual gains in trade diversification, technology cooperation, and sustainable resource development. Analysts note that the agreement could also open pathways for joint ventures in mining technology, renewable energy, and value-added processing—aligning with Peru’s goal of positioning itself as a reliable supplier of critical minerals and India’s strategy to diversify import sources. The Lima round in November is therefore seen as a strategic step toward consolidating a long-term economic partnership grounded in resource complementarity and shared development interests.