On 10 September 2010, Costa Rica, El Salvador, Honduras and Panama agreed to launch negotiations for an FTA with Peru. While the negotiations would be developed jointly, the agreement would have a bilateral basis between Peru and each of the participating Central American countries. The first round of negotiations was held in Peru on 08-12 November 2010. Guatemala participated as well in this round of negotiations. The second round took place in Panama from 17 to 21 January 2011. The third round was held from 28 February to 04 March 2011 in San Jose, Costa Rica. A mini round of negotiations took place in Panama from 04 to 08 April 2011. The fourth round of negotiations was held in Lima, Peru from 02 to 06 May 2011. During this round, Peru and Panama, as well as Peru and Costa Rica concluded negotiations of their respective free trade agreements. On 25 May 2011 Panama and Peru signed a free trade agreement. Costa Rica and Peru, in turn, signed a free trade agreement in San Jose, Costa Rica on 22 May 2011.

Documents relating to the negotiations
26 May 2011	San Jose, Costa Rica. Costa Rica and Peru sign FTA
02-06 May 2011	Lima, Peru. Fourth round of free trade negotiations: Peru and Panama conclude FTA negotiations
	Lima, Peru. Fourth round of free trade negotiations: Peru and Costa Rica conclude FTA negotiations
04 April 2011	Panama City, Panama. Mini round of free trade negotiations between Central America and Peru
28 February 2011	San Jose, Costa Rica. Third round of free trade negotiations between Central America and Peru
21 January 2011	Panama City, Panama. Second round of free trade negotiations between Central America and Peru
12 November 2010	Lima, Peru. First round of free trade negotiations between Central America and Peru
10 September 2010	Central America and Peru to negotiate free trade agreement in November 2010
Source: Ministerio de Comercio de Costa Rica (COMEX); Ministerio de Comercio e Industrias, Panamá; Ministerio de Comercio Exterior y Turismo (MINCETUR), Perú

On 27 March 2012, the Peruvian Government ratified the Free Trade Agreement between Peru and Costa Rica. On 11 March 2013 and 22 April 2013, Costa Rica’s National Assembly approved in first and second debates, respectively, the FTA between Costa Rica and Peru. The Costa Rica-Peru free trade agreement entered into force on 01 June 2013.

Documents related to the entry into force
01 June 2013	Costa Rica-Peru Free Trade Agreement enters into force on 01 June 2013
22 April 2013	Costa Rica’s National Assembly approves -in second debate- FTA between Costa Rica and Peru
11 March 2013	Costa Rica’s National Assembly approves -in first debate- FTA between Costa Rica and Peru
27 March 2012	Peruvian Government ratifies the Costa Rica-Peru FTA
Source: Ministerio de Comercio de Costa Rica (COMEX)

Article 17.1 establishes the Free Trade Commission composed of representatives at the ministerial level of each Party.

Documents related to the Free Trade Commission
11 May 2017	San Jose, Costa Rica. First meeting of the Free Trade Commission
Source: Ministerio de Comercio de Costa Rica (COMEX)

• Ministerio de Comercio de Costa Rica (COMEX)
• Ministerio de Comercio e Industrias, Panama
• Ministerio de Comercio Exterior y Turismo (MINCETUR), Peru