Peru and Thailand initiated talks towards expanding trade relations in July 2002.  In October 2002 Peru and Thailand agreed to set out a framework agreement towards a bilateral free trade agreement (FTA). On 17 October 2003, a Framework Agreement towards an Economic Association was signed. This agreement initiated negotiations towards a free trade agreement.  The Framework Agreement was ratified by the Peruvian Congress on 3 December 2004 and promulgated on 23 December 2004. The government of Thailand ratified the agreement on 18 October 2005.

The first round of negotiations towards a free trade agreement took place in Bangkok, Thailand, on 29-30 January 2004. After seven rounds of negotiation, a protocol to accelerate the liberalization in trade in goods and trade facilitation was signed on 19 November 2005.  This protocol encapsulates progress made in the FTA negotiations. The two countries later signed an additional protocol on 16 November 2006.

Documents relating to the negotiations
16 November 2006	Additional protocol between the Republic of Peru and the Kingdom of Thailand to accelerate the liberalization of trade in good and trade facilitation.
19 November 2005	Protocol between the Republic of Peru and the Kingdom of Thailand to accelerate the liberalization of trade in goods and trade facilitation
15 November 2005	Negotiations to accelerate preferential access to Thai market conclude
23 December 2004	Legislative resolution approving the framework agreement (resolution No 28431)
17 October 2003	Framework agreement on a closer economic partnership between the government of the Republic of Peru and the Government of the Kingdom of Thailand
Source: Ministerio de Comercio Exterior y Turismo (Mincetur)

• Ministerio de Comercio Exterior y Turismo (Mincetur), Perú