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India, Peru to hold next round of trade talks in January 2026

07 Nov 2025 Evaluate

The commerce ministry has said that the next round of negotiations between India and the South American nation Peru are proposed to be held in January 2026 in the national capital. India and Peru have concluded the ninth round of negotiations on November 5. The ministry noted that the discussions witnessed substantive progress across key chapters of the proposed agreement, including trade in goods and services, rules of origin, technical barriers to trade, customs procedures, dispute settlement, and critical minerals.

The Minister of Foreign Trade and Tourism of Peru, Teresa Stella Mera Gomez, has reaffirmed the Peru's commitment to the timely conclusion of the negotiations, highlighting the complementarity between both economies and expressing optimism that the agreement will enhance trade and investment flows. Further, Ambassador of India to Peru, Vishvas Vidu Sapkal has noted that the agreement would create new opportunities for cooperation in areas like critical minerals, pharmaceuticals, automobiles, textiles and food processing. The commerce ministry has said that India's growing trade engagement with Peru and Chile reflects its strategic focus on building stronger partnerships with the Latin American region through mutually beneficial and comprehensive economic cooperation frameworks.

The Peru has emerged as India’s third-largest trading partner in the Latin American and Caribbean regions. In 2024-25, India's exports to Peru rose by about 9 per cent to $1 billion, while imports grew 60 per cent to $4.98 billion. India's main exports to Peru include motorcycles and three-wheelers, polyester and cotton yarns, pharmaceuticals, iron and steel products, plastic products, rubber, pipes for the oil and gas industry, tyres and pipes, among others. On the other hand, the gold, copper, synthetic filaments, phosphates of calcium, fresh grapes, and fish flour are the main imports from Peru.

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