On 24 April 2006, in Geneva, Switzerland, Peru and the EFTA member states -- Iceland, Liechtenstein, Norway and Switzerland -- signed a Declaration on Cooperation. The objectives of the Declaration are to enhance economic relations and to establish a framework for the expansion, diversification and liberalisation of trade and investment. The Declaration establishes a Joint Committee to review cooperation in areas referred to in the Declaration, to discuss areas of mutual interest and to formulate appropriate recommendations on cooperation.
On 04 June 2007, Peru and the EFTA States
announced their decision to launch free trade
negotiations. The second round of bilateral
negotiations culminated on 31 August 2007. Peru
and EFTA held the third round of negotiations in
Geneva, Switzerland, on 6 November 2007. The
fourth round of negotiations took place from
01-06 April 2008 in Bogota, Colombia. On 27
November 2009, Peru announced the conclusion of
free trade negotiations with the EFTA States.
The agreement was signed on Reykjavik,
Iceland on 24 June 2010 by the EFTA States Free
Trade Agreement . On 14 July , the
Minister of Foreign Trade and Tourism of Peru
signed the agreement in Lima.