The Free Trade Agreement (FTA) between Guatemala and Peru will enter into force on July 1, 2026, after completing the procedures established by both parties, the Ministry of Economy (Mineco) reported this Friday, June 5.
He announced that this milestone will be made official during an event between the Minister of Economy of Guatemala, Gabriela García, and the Minister of Foreign Trade and Tourism of Peru, José Reyes Llanos.
The information highlights that this advance is the result of the work promoted by Mineco to diversify markets, expand opportunities for Guatemalan companies and strengthen the country’s commercial insertion.
In February 2024, Mineco resumed efforts to activate the agreement and promoted a roadmap that allowed the process for its entry into force to be concluded.
The agreement is the result of coordinated work between Mineco, the Ministry of Foreign Affairs and the competent authorities of Peru, which made it possible to complete the necessary procedures for the activation of the treaty.
According to Mineco, the economic relationship between Guatemala and Peru reflects significant growth potential.
He recalled that between 2020 and 2025, the accumulated trade exchange between both countries exceeded US$1,216.6 million, while Guatemalan exports reached US$450.9 million.
Furthermore, Guatemala is currently Peru’s third trading partner in Central America.
The entry into force of the FTA will expand preferential access for Guatemalan products to a market of more than 33 million consumers, strengthen regional value chains, generate new opportunities for micro, small and medium-sized companies and contribute to the diversification of national exports.
The Ministry of Foreign Trade and Tourism of Peru reported that the ratification, made official through Supreme Decree 023-2026-RE and published in the Official Gazette El Peruano, will allow the entry into force of the FTA between Peru and Guatemala after 14 years from its signing, thereby consolidating a strategic commercial relationship between both countries.
Peruvian Minister José Reyes highlighted that, with this decision, Peru reaffirms its commitment to an open, modern trade policy aimed at generating more opportunities for companies, attracting investments and strengthening its presence in international markets.
Trade between Peru and Guatemala is mainly based on the exchange of agricultural goods (50% of trade), according to that ministry.
Peru mainly exports fruits, such as fresh grapes and mandarins, as well as palm oil, natural dyes and cookies, among other products.
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