On May 24, 2017, Peru and Australia launched bilateral negotiations for a Free Trade Agreement (FTA).
The first round of negotiations was held in Lima, Peru on July 05-07, 2017. The second round of negotiations
took place in Canberra, Australia on August 28-September 02, 2017. A third round of negotiations was held
in Lima, Peru on 16-20 October, 2017. Peru and Australia announced the conclusion of the Peru-Australia
Free Trade Agreement (PAFTA) negotiations on November 10, 2017. The Peru-Australia Free Trade Agreement
was signed on February 12, 2018.