Peru and El Salvador push a free trade agreement after President Fujimori's visit

Peru's President Keiko Fujimori made an official visit to El Salvador from 28 to 31 October, during which she and President Nayib Bukele signed a joint declaration and cooperation agreements on security, justice, health and tourism, the Peruvian government said on 29 October.

The two governments also want to conclude a free trade agreement. Fujimori said the negotiation was "well on track", with 14 of 19 chapters resolved, El Comercio reported. The first negotiating round took place from 24 to 28 March 2025, and Fujimori invited Bukele to visit Peru, Infobae reported.

Salvadoran business groups have supported the talks. COEXPORT, the exporters' association, said a deal could benefit plastics, food, metalworking and chemicals, and help exporters buy South American inputs. The pharmaceutical industry association Inquifar said its members do not yet export medicines to Peru, and the sugar producers' association said sugar already goes to Peru and is part of the negotiations, The Rio Times reported.

Any agreement would need to be signed and then ratified by both legislatures.