MERCOSUR-Peru Free Trade Agreement

The Free Trade Agreement between MERCOSUR and Peru entered into force in 2005, reducing or eliminating import tariffs for most energy products and technologies, including: 

• Agglomerated and reduced iron;
• Alumina, scrap metal, ammonia, crude steel;
• Aluminium, nitrogen fertilizers, solar PV modules, solar cells, solar wafers;
• Polysilicon, battery packs, battery cells; 
• Anodes and cathodes, electrolysers, heat pumps; 
• Electric vehicles, ICE cars, among other technologies;
  
  

Rules of origin delineated in the Agreement include provisions preventing goods only undergoing minimal transformations in one of the signatory countries or incorporating materials of external origin valued above 40-50% of the transaction value of the good to benefit from the tariff treatment established by the Agreement.

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