India and Peru are likely to hold discussions on a proposed free trade agreement (FTA) in June as both countries seek to strengthen bilateral economic ties and expand trade cooperation, according to diplomatic sources.
Officials from both nations are expected to engage in preliminary negotiations covering market access, tariff reductions, investment opportunities, and trade facilitation measures. The proposed agreement is aimed at boosting commercial relations between India and Peru while creating new opportunities for businesses and exporters in both economies.
Diplomatic representatives indicated that the talks could focus on sectors such as mining, pharmaceuticals, agriculture, textiles, automobiles, information technology, and renewable energy. Peru is considered an important trade partner for India in Latin America, particularly due to its rich mineral resources and growing economic potential.
Trade experts believe the proposed FTA could help increase bilateral trade volumes by reducing import duties and improving access to each other’s markets. India has been actively expanding trade partnerships with countries across Latin America as part of its broader strategy to diversify export destinations and strengthen global supply chains.
Peru is one of the world’s significant producers of copper, silver, zinc, and other minerals, making it strategically important for India’s manufacturing and industrial sectors. Analysts say enhanced trade cooperation could also support India’s efforts to secure critical mineral supplies for infrastructure, electronics, and clean energy industries.
Officials familiar with the discussions noted that both sides are interested in improving investment flows and strengthening cooperation in areas including logistics, digital trade, and industrial collaboration. The negotiations are expected to build on existing economic engagements between the two countries.
India has recently accelerated efforts to finalize trade agreements with multiple countries and regions as it seeks to expand export competitiveness and improve global market access for domestic industries. Economists say FTAs play a key role in enhancing trade efficiency, attracting investments, and deepening economic integration.
The upcoming discussions with Peru are likely to be viewed as part of India’s larger push to strengthen its economic presence in the Latin American region. Business communities in both countries are expected to closely monitor the negotiations for potential opportunities arising from lower trade barriers and expanded market access.
If the talks progress positively, officials believe the proposed trade pact could open a new chapter in India-Peru economic relations and contribute to stronger long-term strategic cooperation between the two nations.