en.Wedoany.com Reported - Peru and Guatemala will officially implement the Free Trade Agreement (FTA) and its related protocols starting July 1, 2026, thereby consolidating a framework aimed at strengthening bilateral trade exchanges and expanding opportunities for Peruvian exports.
The entry into force of the agreement was officially announced through Supreme Decree No. 007-2026-MINCETUR, published in the official daily newspaper El Peruano on the same day. The decree was jointly signed by the President of the Republic of Peru, José María Balcázar, and the Minister of Foreign Trade and Tourism, Berthin Gómez.
The FTA will be implemented on a date agreed upon by both countries, with representatives from each side having exchanged written notifications confirming that they have completed the domestic legal procedures required for the agreement to take effect. The decree also mandates the Ministry of Foreign Trade and Tourism (Mincetur) to communicate the necessary regulations to the competent authorities for the proper implementation and enforcement of the trade agreement and its protocols.
The entry into force of this FTA will help boost Peruvian exports to Guatemala. Between January and April 2026, Peru had already exported products worth $33 million to this market. Through this agreement, Peru reaffirms its commitment to an open and modern trade policy, aimed at creating more opportunities for domestic companies and strengthening its presence in international markets. The agreement will provide Peruvian export products with improved access conditions to the Guatemalan market, allowing them to benefit from tariff-free or reduced-tariff treatment.
Trade between Peru and Guatemala is primarily based on the exchange of agricultural products. Peru's main exports to Guatemala include fresh grapes, citrus fruits, palm oil, natural pigments, and cookies. Currently, Peru's export potential to Guatemala stands at $104 million, with the five sub-sectors most likely to benefit being fruits ($16 million), processed or preserved foods ($12 million), chemical products ($9.4 million), cotton ($8.8 million), and plant waste and animal feed ($8 million).
In terms of background, the Peruvian government approved the FTA with Guatemala in May of this year through Supreme Decree No. 023-2026-RE. The approval process was revived in 2024, when Guatemala expressed interest in restarting dialogue to bring the FTA into effect. After several rounds of negotiations, both parties reached a consensus on the final text of the protocol to facilitate the implementation of the FTA signed in 2011. The final text includes modifications to sanitary and phytosanitary measures, trade in services, specific rules of origin, government procurement, and intellectual property.
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