The Republic of Ireland remains a member of the European Union, and thus its bilateral trade with Peru is covered by the Peru-EU 2012 trade agreement. Besides merely cutting tariffs, the agreement seeks to harmonise and ease all aspects of international commerce. As such, it covers laws of ‘Rules of Origin’, environmental protection and regulations, market access, intellectual property, non-tariff barriers, among other subjects. There are also further clauses on the promotion of human rights and sustainable growth. From 2012 to 2021, the value of Peruvian exports to Ireland have increased 94%.
Details of the EU-Andean trade deal