Canada and Peru have warm and growing bilateral relations anchored in Canada’s engagement in the Americas. This engagement is based on a vision of a more prosperous, secure and democratic hemisphere.
To that end, Canada works to:
Peru is a strong partner in advancing these goals within the hemisphere.
Peru is Canada’s second largest bilateral trading partner in South and Central America, and the third largest destination for Canadian direct investment in South and Central America. The Canada-Peru Free Trade, Labour Cooperation and Environment Agreements entered into force in 2009. The trade relationship has grown substantially since then. In 2013, Canadian exports to Peru reached $606.7 million and Canadian merchandise imports from Peru reached $3.0 billion. Canadian foreign direct investment in Peru totalled nearly $8.1 billion in 2013. Some 90 Canadian companies are engaged in the natural resources sector (mainly focused on mining and oil & gas exploration).
Development programming is an important component of the bilateral relationship. Canada’s Department of Foreign Affairs, Trade and Development has managed a bilateral development program in Peru since 1968. Current programming supports two of Canada’s aid priorities: 1) stimulating sustainable economic growth; and 2) securing the future for children and youth. In May 2013, Prime Minister Harper announced $53 million for projects in these areas.
Canada also works with Peru on responsible natural resource management, economic diversification, governance and innovation. In addition, Canada aims to create opportunities for the leaders of tomorrow and build people-to-people linkages between our two countries. To that end, Canada actively promotes educational and scholarship opportunities to Peruvian students. In 2013, Canada became an eligible destination for Peruvian recipients of President Humala’s post-graduate scholarships. For more information on Canadian education promotion activities in Peru, please refer to the “Studying in Canada” page on this web site.
The close bilateral relationship is reflected in the frequency of high-level interactions, including Prime Minister Harper’s visit to Peru in May 2013 and President Humala’s visit to Canada in April 2014. In addition, Peru is a valued partner in regional fora, such as the Organization of American States, and economic integration initiatives, such as the Pacific Alliance, the Trans-Pacific Partnership and Asia-Pacific Economic Cooperation.
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