Peru

Political relations

Franco-Peruvian relations have traditionally been friendly. They grew particularly strong between 2012 and 2016, with three visits by President Ollanta Humala – a French speaker and a Francophile – and a visit by President François Hollande to Peru in 2016, strengthening ties in all areas.

Bilateral consultations were held at administrative level in March 2021 and in March 2023 in Paris. The next bilateral consultations are expected to be held in Lima in 2025.

The Peruvian Presidency of COP20 (December 2014 - November 2015) and French Presidency of COP21 (December 2015 - November 2016) enabled close cooperation on environmental protection and the fight against climate change.
More generally, Peru is an international partner for global challenges, in particular on environmental and human rights matters. During its term as a non-permanent member of the United Nations Security Council in 2018 and 2019, France and Peru worked successfully together.

Economic relations

Trade between France and Peru totalled €1.03 billion in 2023. The commercial deficit stood at €441 million in 2022.

In 2023, Peru ranked 91st among our customers (7th in Latin America) and 67th among our suppliers (4th in Latin America), representing 0.078% of our foreign trade. France ranked 21st among Peru’s suppliers in 2023.

French exports, 97.6% of which are made up of manufactured products (mechanical equipment, electrical, electronic and computer equipment, chemicals, perfumes and cosmetics, pharmaceuticals and transport equipment), represent little. They totalled €295 million in 2023. French purchases of Peruvian products stood at €736 million in 2023, and were mainly made up of agricultural products and hydrocarbons. France was Peru’s 22nd largest customer in 2023.
France was Peru’s 17th largest investor in 2023, far behind the United Kingdom, Spain, Chile and the United States. Engie and Vinci are the main French investors in Peru. French FDI stock stood at $226.4 million in 2023. There is however a greater presence of French companies, both in sales and investments, than it seems. A number of large French companies supply the Peruvian market from production and distribution centres in third countries. More than 90 French subsidiaries and representation offices are registered in Peru, employing almost 18,000 people.

Several major economic contracts made possible through intergovernmental agreements were won by France in 2020-2021, including the building and renovation of hospitals in Cusco and Lima (APHP-Egis) and the implementation of two emblematic road projects (Egis).