"The Peru-Australia FTA will have a head-turning effect on a market that despite being a mystery for many Australian businesses is the fastest growing economy in Latin America.
"Australian resources firms are already operating in the country and the Agreement will build on that growth and open up new opportunities for other sectors including agriculture. Australian sugar producers are big winners and will have immediate duty-free access for large volumes of their product.
"As a member of the Pacific Alliance, Peru has been undertaking a number of pro-trade reforms that have increased trade with Australia and attracted greater investment from Australian companies looking for a secure bolthole in the region," Mr Willox said.
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