Overview
- Officials confirmed the talks launched with a virtual first round held November 25–28, formally opening negotiations on a Comprehensive Economic Partnership Agreement.
- Initial sessions covered market access, rules of origin, sanitary and phytosanitary measures, cooperation, public procurement, and legal and institutional matters.
- Further meetings through December will address trade in services, investment, and customs procedures with a focus on trade facilitation.
- Peruvian goods face tariffs up to 14.5% in the UAE, with agricultural products paying as high as 25.6%, which negotiators aim to reduce.
- Bilateral trade reached US$1.94 billion in 2024 and US$2.245 billion from January to September 2025, dominated by gold but with growing shipments of fruits, grains, coffee and other value-added products; Peru also seeks to attract Emirati investment in infrastructure, renewable energy, tourism and technology.