Peru has ratified a free-trade agreement with Hong Kong, securing indefinite zero-tariff access for all Peruvian goods entering the special administrative region.
The move marks a significant expansion of Lima’s trade footprint in the Asia-Pacific, complementing ongoing efforts to deepen economic ties with Central America through an advanced pact with Guatemala.
The ratification follows a period of accelerated trade diplomacy in the region.
Central American trade ministers recently agreed to modernize the regional customs union, aiming to streamline border procedures and expedite cargo movement.
Peru’s dual-track approach—securing a finalized deal with Hong Kong while advancing negotiations with Guatemala—positions the country to benefit from both Asian demand and streamlined Central American logistics.
Domestic economic indicators in Peru have shown resilience, with mortgage lending accelerating in May to an annual growth rate of 7.5%, up from April.