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Thailand - Peru Free Trade Agreement

Bilateral trade between Peru and Thailand has been growing at an average pace of 43.6 percent per annum since the start of the FTA negotiations in 2004. Seventy percent of traded goods between the Parties were already agreed in the Protocol signed in 2005, with around fifty percent of each country’s exports benefiting from duty free treatment upon entry into force of the Protocol, whilst twenty percent of these products will be phased out over a 5 year period. Trade facilitation was also included in the Protocol with the aim of enhancing cooperation and improving transparency relating to sanitary and phytosanitary measures, standards and conformance and custom procedures. The remaining thirty percent of trade in goods as well as trade in services and investment would be negotiated later.

Thailand, by the Department of Trade Negotiations, and Peru commenced the negotiations on the comprehensive free trade agreement in 2012. The negotiations had been concluded, and the successful outcomes have been jointly announced by the leader of both countries on 5 October 2013, during the official visit to Thailand of the President of Peru. The free trade agreement covered trade in goods, trade in services, investment, rules and regulation and economic cooperation in such areas as trade and investment promotion, SMEs, agriculture, fishery, forestry and foods, services and tourism, energy, science and technology. The agreement would serve as a mechanism that both sides may utilize to further strengthen relations and strategic partnership in economic, trade and investment fronts.

 

Framework Agreement
Protocol between the Kingdom of Thailand and the Republic of Peru to accelerate the Liberalization of Trade in Goods and Trade Facility 
- Annex 1 Trade in Goods
Annex 2 Rules of Origin
Annex 3 Sanitary and Phytosanitary
Annex 4 Techinical Barriers to Trade
Annex 5 Customs Procedures
Annex 6 Transparent Administration of Law and Regulations
Annex 7 Consulations and Dispute Settlement
- Appendix 1.1 - Peru's List of Goods
- Appendix 1.2 - Thailand's List of Goods
- Appendix 2 - Tariff Schedule
- Appendix 3 - Used Goods
The Peruvian Minister of Foreign Trade and Tourism, Mr. Martin Perez Monteverde, and the Thai Deputy Minister of Commerce, Mr. Alongkorn Ponlaboot signed the Second Additional Protocol to the Protocol between the Republic of Peru and the Kingdom of Thailand to Accelerate the Liberalization of Trade in Goods and Trade Facilitation on 13 November 2009 during the APEC Economic Leaders Meeting in Singapore.

 The signing ceremony was witnessed by the President of Peru, H.E. Mr. Alan Garcia Perez and the Prime Minister of Thailand, H.E. Mr. Abhisit Vejjajiva.

Second Additional Protocol to the  Protocol between the Kingdom of Thailand and the Repubic of Peru to Accelerate the Liberalization of Trade in Goods and Trade Facilitation (Click here)(Updated November 2009)

Appendix1: Product Specific Rules of Origin (Updated November 2009)

Headnotes to Appendix 1 (Product-Specific Rules of Origin) (Updated November 2009)

Appendix 1:

1.1 Peru’s List (Updated November 2009)

1.2 Thailand’s List (Updated November 2009)

 

Third Additional Protocol to the  Protocol between the Kingdom of Thailand and the Repubic of Peru to Accelerate the Liberalization of Trade in Goods and Trade Facilitation (Click here)(Updated November 2010)

Press Release "Thailand signs FTA with Peru to expand trade with South America (Updated November 2009)

Joint Media Release on the Signing Ceremony of the Second Addition Protocol to the protocol between the Republic of Peru and The Kingdom of Thailand (Updated November 2009)

 

Progress and achievements on the negotiations of the Thailand-Peru Free Trade Agreement included, among others, the followings.

(1) Negotiation framework for the Thailand-Peru Free Trade Agreement has been approved by the Cabinet and Parliament on 28 November 2011.

(2) Thailand and Peru enforced the Protocol between the Kingdom of Thailand and the Republic of Peru to Accelerate the Liberalization of Trade in Goods and Trade Facilitation and three Additional Protocols on 31 December 2011. Main elements of such protocols included the tariff reduction on 70% of the total tariff lines, where import tariffs applicable to 50% of the total tariff lines would be brought down to 0% immediately while those applicable to the other 20% of the total tariff lines would be cut down to 0% within 5 years, and rules and regulations such as rules of origin, sanitary and phytosanitary, technical barriers to trade, customs procedures, legal arrangement, transparency and dispute settlement mechanism.

(3) In 2012, three rounds of Thailand-Peru Free Trade Agreement negotiations were held. These included the 8th meeting during 26-28 March 2012 in Peru, the 9th meeting during 6-9 August 2012 in Thailand and the 10th meeting during 24-29 September 2012. This meeting achieved substantive progress, particularly in the drafting of the agreement where most of the texts were concluded. However, both sides still have to continue discussions on market access for goods, Rules of Origin and other provisions.

 

 


Date Posted: 10/3/2008
Date Modified: 7/15/2014
Number of Views:   12943


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