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Policies

Free Trade Agreement between Peru and the States of the European Free Trade Association

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The Free Trade Agreement between Peru and the European Free Trade Association States ("EFTA") entered into force on 1 July 2011 for Peru, Liechtenstein and Switzerland, 1 October 2011 for Iceland and 1 July 2012 for Norway. 

It provides for the elimination of import tariffs for most industrial and energy sector products including: 

  • Electric motors, turbines and generators; 
  • Mechanical equipment including pumps, appliances, and other advanced machinery; 
  • Electric accumulators, transformers, capacitors, batteries; 
  • Motor vehicles; 
  • Mineral ore, slag and ash; 
  • Mineral fuels, oils and other products; 
  • Metals and their articles e.g. iron and steel; 
  • Semiconductors devices and photovoltaic cells; 


Rule of origins apply to qualify for the preferential tariff treatment : products need to be wholly obtained on the territory of at least one of the Parties, or having undergone a significant production, or incorporate non-originating materials valued  at less than 50-60 % of the ex-works final price.

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