page_title: Canada–Peru Free Trade Agreement
section_title: Canada
hierarchical_section_title: Canada–Peru Free Trade Agreement / Impact / Canada
caption_attribution_description: English: Petro Canada Oakville Refinery
context_page_description: The Canada–Peru Free Trade Agreement is a free trade agreement between Peru and Canada. It was signed on 29 May 2008 and entered into force on 1 August 2009.
  The CPFTA facilitates establishment of free trade, creation of opportunities for economic development, elimination of trade barriers and promotion of fair competition.
context_section_description: The CPFTA creates a competitive advantage for Canadian producers and exporters in one of the friendly economies in South America. Peru's economy is fast-growing with GDP growth of 6.9% in 2011.
  Peru has become one of the key partners of Canada in many aspects; it is the third-largest trading partner in Latin America and the Caribbean. In 2011 the value of Canadian exports to Peru reached $516 million, an increase of 36 percent over 2008, the year before the agreement came into force. Peru has become the third-largest nation attracting Canadian FDI in South and Central America.
caption: Petro Canada Oakville Refinery
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