Relationship dossier
Iceland
Peru
Relationship assessment
Iceland and Peru have a trade framework through the EFTA–Peru Free Trade Agreement.
Iceland toward Peru
+15Iceland, as an EFTA member, is party to the EFTA–Peru Free Trade Agreement, providing a framework for trade with Peru.
Peru toward Iceland
+15Peru concluded the EFTA–Peru Free Trade Agreement, providing a framework for trade with Iceland and other EFTA members.
Overall relationship
+15The EFTA–Peru Free Trade Agreement is a durable institutional basis for economic relations between Iceland and Peru. The extent of cooperation beyond this trade framework is unclear.
How to read these scores
Scores are rough judgments, not objective measurements or current verification. Directional scores describe government policy and conduct, not public opinion. The overall score is an independent estimate, never an average.
- −100
- Extreme sustained hostility
- −50
- Substantially adversarial
- 0
- Mixed or neutral, supported by knowledge
- +50
- Substantially cooperative
- +100
- Exceptionally close sustained partnership
“Not assessed” means there is no recorded score. Pair existence makes no claim about diplomatic recognition or established relations.
Relationship context
Overview
Iceland and Peru are parties to the EFTA–Peru Free Trade Agreement, which established a framework for trade between them. This is a concrete basis for economic cooperation, though the breadth of other bilateral government cooperation is unclear.
Key developments
Peru and the EFTA states, including Iceland, signed the EFTA–Peru Free Trade Agreement.
The EFTA–Peru Free Trade Agreement entered into force.
Major uncertainties
- The extent of bilateral cooperation beyond the EFTA–Peru trade framework is unclear.
- The agreement’s practical effects on bilateral trade are unclear.