Peru and Australia sign free trade pact
Peru and Australia signed a free trade pact that does away with 99% of tariffs on imported goods from Australia, while securing Peruvian exports greater access to Australian markets. The Peru-Australia Free Trade Agreement (PAFTA) was signed in Vietnam, at the 25th summit of the Asia-Pacific Economic Cooperation (APEC) forum. Peru's President Pedro Pablo Kuczynski, speaking at the summit, reiterated his support for free trade and warned about the dangers of protectionism–comments seemingly aimed at the Donald Trump administration.