The year 2024 marks the 15th anniversary of the implementation of the Canada-Peru Free Trade Agreement (CPFTA), which officially came into force on August 1, 2009. The agreement was a significant milestone for both Canada and Peru. For Canada, it reinforced its commitment to expanding trade within South America, building on the strategy to enhance Canada's competitiveness through trade liberalization initiatives and bilateral agreements. For Peru, the CPFTA was a crucial step toward deeper integration into the global economy and marked the beginning of a series of subsequent free trade agreements with other developed economies.