Chile and Peru signed a free trade agreement on 22 August 2006. This agreement replaces the text, annexes and protocols of Economic Complementation Agreement Nº 38 (registered with ALADI as AAP.CE Nº 38), which was signed on 22 June 1998 and entered into force on 01 July 1998.
In 2004 Chile and Peru initiated talks to renegotiate this agreement with a view to deepening their trade relations. On 17 February 2005 the Second Protocol to ACE 38 provided for the shortening of the tariff reduction period originally set out in the agreement.
The agreement, signed on 22 August 2006, was broadened to include new provisions in the area of dispute settlement, investment and trade in services. The parties also signed a memorandum of understanding on labor and migratory cooperation which will enter into force on the same date as the free trade agreement.
| Documents related to the negotiations |
| 22 August 2006 |
Chile and Peru sign free trade agreement   |
| 22 August 2006 |
Text of free trade agreement |
| 22 August 2006 |
Memorandum of understanding on labour and migration cooperation |
| 05-09 March 2006 |
Santiago, Chile. IV Round of negotiations to deepen ACE 38 |
| 30 January - 01 February 2006 |
Lima, Peru. III round of negotiations to deepen ACE 38 |
| 08 August 2005 |
I round of negotiations to deepen ACE 38 |
| |
Annex to the Second Protocol to ACE Nº 38 |
| 17 February 2005 |
Second Protocol to ACE Nº 38  |
| 22 December 1998 |
First Protocol to ACE Nº 38 |
| 22 June 1998 |
Economic Complementation Agreement Nº 38 |
| Source: Dirección General de Relaciones Económicas Internacionales, Chile (DIRECON); Ministerio de Comercio y Turismo de Perú (Mincetur) |
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