Peru and Canada Strengthen Bilateral Relationship through Strategic Cooperation

Strategic Insights -

Peru and Canada have strengthened their bilateral relationship through a virtual meeting between the Minister of Foreign Trade and Tourism, Desilu Leon Chempen, and the Minister of International Trade of Canada, Manner Sidhu. The meeting focused on consolidating the relationship and coordinating joint actions in strategic spaces. With a history of friendship and cooperation spanning over 80 years, the two countries have seen significant growth in trade and investment under their Free Trade Agreement (FTA). The trade between Peru and Canada reached a record $5 billion in 2024, and in the first semester of 2025, it exceeded $3 billion, with a 10% growth compared to the same period of the previous year.

Key Takeaways:

  • Peruvian Minister Desilu Leon Chempen and Canadian Minister Manner Sidhu held a virtual meeting to consolidate bilateral relationship and coordinate joint actions.
  • Peru and Canada share over 80 years of friendship and 16 years of cooperation under the Free Trade Agreement (FTA).
  • The FTA has dynamized trade and bilateral investment, with trade reaching a record $5 billion in 2024.
  • In the first semester of 2025, trade exceeded $3 billion, growing 10% compared to the same period of the previous year.
  • Canada is the fifth commercial partner of Peru worldwide and a key supplier of wheat, in addition to being a major destination for Peruvian gold and coffee exports.
  • Both ministers agreed to continue collaborating in joint initiatives to identify more opportunities for companies in both countries.
  • The meeting highlighted the commitment of both countries to consolidate a strategic agenda that strengthens bilateral and regional integration.

Statistics:

  • Over 80 years of friendship between Peru and Canada.
  • 16 years of cooperation under the Free Trade Agreement (FTA).
  • Record trade of $5 billion between Peru and Canada in 2024.
  • Trade over $3 billion in the first semester of 2025, with a 10% growth compared to the same period of the previous year.
  • Canada is the fifth commercial partner of Peru worldwide.
  • Canada is a key supplier of wheat to Peru.
  • Canada is a major destination for Peruvian gold and coffee exports.

Sources:

  • Euclid Infotech Pvt. Ltd.
  • Contify.com
  • MINCETUR (Ministerio de Comercio Exterior y Turismo de Perú)
  • Government of Canada
  • Government of Peru