MERCOSUR-Peru Free Trade Agreement

Country / jurisdiction: Argentina · Year: 2005 · Status: In force · Level: International · Type: Voluntary

The Free Trade Agreement between MERCOSUR and Peru entered into force in 2005, reducing or eliminating import tariffs for most energy products and technologies, including:

Agglomerated and reduced iron;

Alumina, scrap metal, ammonia, crude steel;

Aluminium, nitrogen fertilizers, solar PV modules, solar cells, solar wafers;

Polysilicon, battery packs, battery cells;

Anodes and cathodes, electrolysers, heat pumps;

Electric vehicles, ICE cars, among other technologies;

Rules of origin delineated in the Agreement include provisions preventing goods only undergoing minimal transformations in one of the signatory countries or incorporating materials of external origin valued above 40-50% of the transaction value of the good to benefit from the tariff treatment established by the Agreement.

Official source: https://www.acuerdoscomerciales.gob.pe/en_vigencia/mercosur/inicio.html