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Peru Sets 2027 OECD Accession Target at APEC as Thailand FTA Nears Completion

Officials say favorable OECD trade committee feedback positions Peru to chart next steps toward membership.

Overview

  • Mincetur now projects that Peru’s accession could begin in 2027, with the trade chapter expected to conclude this year.
  • After Peru’s Oct. 17 presentation in Paris, the OECD Trade Committee will issue conclusions and technical queries, and officials report positive initial comments.
  • Trade minister Teresa Mera met OECD Secretary‑General Mathias Cormann in Gyeongju, who praised Peru’s commitment and reaffirmed the organization’s technical support.
  • Negotiations with Thailand are 98% complete, with the goal of closing in 2025 and signing the agreement in the first quarter of 2026.
  • Peru and the Philippines expect to sign an MoU before December to establish a joint commission that will launch formal trade talks.