According to the web site of Ministry of Foreign Affairs of Japan, officials from Japan and Peru will meet in Tokyo in the week of March 23 to discuss a free trade agreement that would eliminate tariffs on most products traded between the two countries.
This meeting is a preparatory meeting to start EPA negotiation between two countries.
The main objective of this meeting is to exchange opinions to recognize mutual status and position in trade.
Bilateral trade between Japan and Peru totaled $2.785 billion in 2007, with Japan's main exports items consisting of automobiles, tires, and steel products, while copper, silver, zinc, and fish flour were the top imports.
Already, Japan has enforced free trade agreements with Singapore, Mexico, Malaysia, Chile, Thailand, Indonesia, Brunei, ASEAN and the Philippines. Completed the signature with Swiss and Vietnam.