The Peru-EU Free Trade Agreement: Obstacle or Opportunity for Peru’s Sustainable Development?

Abstract

This chapter provides an overview of the current Peru-EU relationship from the recently enacted FTA perspective arguing that the balance of power that existed in the EU’s trade and development policies toward Peru prior to the agreement was much more predisposed towards a neoliberal approach (e.g. by boosting the export of mainly primary products) than now. Moreover, trade, in some particular cases, has shifted to an innovative, green, and inclusive export model that moved from a pure quantitative focus (or just calculating how much economic inputs have been created) to a more qualitative one (or how trade actually improves people’s lives and nature conservation).