On 19 November 2004, during the APEC leaders' meeting in Santiago, Chile, the governments of Peru and Singapore announced that they would commence negotiations towards a free trade agreement in the first trimester of 2005. On 22 November 2004 the two governments issued a declaration to this effect.

The fist round of negotiations took place in Singapore from 14-17 February 2006. The second round was held in Lima, Peru in June and the third meeting was held in Singapore in September 2006. The two countries concluded their fourth round of negotiations in the area of services from 27-29 June 2007. Peru and Singapore concluded their bilateral negotiations on 29 August 2007. On 29 May 2008, Peru and Singapore signed a free trade agreement.

The Free Trade Agreement (FTA) between Peru and Singapore came into force on August 1^st, 2009.

Documents relating to the negotiations
01 August 2009	Peru-Singapore FTA comes into effect
21 July 2009	Peru-Singapore FTA will enter into force on August 1, 2009
29 May 2008	Peru and Singapore sign FTA
29 August 2007	Peru and Singapore conclude FTA negotiations
27-29 June 2007	Conclusion of the 4th round of negotiations
29 September 2006	Conclusion of the 3rd round of negotiations
16 June 2006	Conclusion of the 2nd round of negotiations
17 February 2006	Conclusion of the 1st round of negotiations
22 November 2004	Joint Declaration
19 November 2005	Peru and Singapore Launch FTA Negotiations
Source: Mincetur, Peru; Ministry of Trade and Industry, Singapore

• Ministerio de Comercio Exterior y Turismo, Peru (Mincetur)
• Ministry of Trade and Industry, Singapore