Political & economic relations

The relations between the European Union and Peru began its process of consolidation in 1993 within the context of regional relations with the countries that compose the Andean Community (CAN) which includes Bolivia, Colombia, Ecuador and Peru. The political dialogue is based on the Rome Declaration , signed in 1996. In 2003 the dialogue was strengthened and institutionalized through the Agreement on Political Dialogue and Cooperation between the EU and its Member States and the Andean Community and its Member Countries . This agreement enables the deepening of relations between the two regions and institutionalizes the political dialogue, extending its reach by the inclusion of issues such as conflict prevention, good governance, immigration, money laundering, combating organized crime and terrorism. Once ratified, this agreement will replace the 1996 Rome Declaration and the Basic Cooperation Agreement of 1993.

In October 2009 a Memorandum of Understanding was signed by Peru and the European Commission to establish a bilateral consultation mechanism.

In the course of 2010 both Peru and Colombia concluded the negotiations of a Trade Agreement with the EU, which started its provisional application with Peru on 1 March 2013, after the fulfilment of the respective ratification procedures.

The relations between Peru and the EU give priority to the dialogue on global challenges such as macroeconomic and financial affairs, human rights, environment, climate change, technology, migration and the fight against drugs and related crimes.

For further information on the relations between the European Union and Peru see also the web page of Directorate General for External Relations of the European Commission and the Peruvian Ministry of Foreign Affairs.