The Minister of Foreign Trade and Tourism, José Reyes, announced on Mar. 27 that Peru and Morocco have agreed to form a bilateral working group tasked with preparing a feasibility study for a possible Free Trade Agreement between the two countries.
This announcement follows a meeting between César Llona, Vice Minister of Foreign Trade of Peru, and Omar Hejira, Secretary of State in charge of Foreign Trade for Morocco. Both nations will set up coordination points to start work as soon as possible.
“Market diversification is key to the sustained growth of Peruvian exports. This new stage with Morocco is part of the sector’s strategy aimed at strengthening our presence in new markets. In this regard, negotiations are also underway for a trade agreement with the United Arab Emirates,” said Reyes.
In 2025, Morocco was Peru’s third most important trading partner in Africa amid growing bilateral trade close to USD 100 million. With its population of 37 million people and strategic location between Europe and Africa, Morocco represents an important platform for expanding Peru’s presence in non-traditional markets.
Peruvian exports to Morocco reached more than USD 20 million in 2025—a 75% increase compared to 2024—highlighting products such as squid, zinc oxide, fresh avocado, mangoes, Brazil nuts, natural colorants among others. In January 2026 alone, exports approached USD 3 million.
This step forward in Peru’s commercial negotiation agenda aims not only to boost short-term trade but also to create support points that enable gradual integration into new economic spaces by diversifying markets and reducing concentration on certain countries within an increasingly fragmented international context.
