AGP Executive Report

Trade: The upgraded China–Peru free trade agreement took effect Sunday, adding rules on e-commerce, supply chains and environmental trade. Bilateral trade reached $50.4 billion in 2025, nearly seven times its 2009 level. Archaeology: A long-sealed tomb at Chan Chan has yielded at least 38 burials, gold objects, weapons, jewelry and textiles, offering a rare glimpse into elite Chimú life. Pope’s Visit: Pope Leo XIV is due in Peru from Nov. 6 to 17 as part of a South American tour, despite recent surgery. His itinerary includes a high-altitude prayer in the Andes and meetings with Indigenous communities and abuse survivors. Climate: Bolivia declared an emergency as El Niño brings drought and flood risks; Peru is also facing rising temperatures and wildfires that have killed at least 12 people. Education: Peruvian teachers joined a national strike despite threats of pay deductions, adding pressure on the government over labor demands.

Trade: An upgraded China–Peru free-trade deal took effect Sunday, adding rules for e-commerce, investment, supply chains and environmental trade. Bilateral trade reached $50.4 billion in 2025, up from $6.4 billion in 2009. Pope’s Visit: Pope Leo XIV is set to visit Peru from Nov. 6–17 as part of an 11-day South American tour, despite recent lung surgery. His itinerary includes meetings with Indigenous communities and abuse survivors. Cusco’s Archbishop Richard Alarcón Urrutia has died, days before the pope’s planned visit to the city. El Niño: Peru faces growing climate pressures, with reports of rising coastal sea levels, a dengue surge and early El Niño strain on the mango season. Security Policy: President Keiko Fujimori’s visit to El Salvador’s notorious CECOT prison has sharpened attention on her interest in adopting Bukele-style measures against crime in Peru. Economy: Formal employment rose 4.9% year-on-year in August, while ProInversión is promoting more than $10 billion in projects for southern Peru.

El Niño Readiness: UNESCO Peru launched a public-preparedness campaign at a women’s football match as forecasters warn of heavy rain and flooding risks along the northern and central coasts in summer 2027. Church Accountability: Pope Leo XIV is due in Peru from Nov. 6–17, with abuse survivors pressing for stronger action; the Vatican says he plans to meet survivors. Fujimori-Era Abuses: Peru closed a case against 52 officials over forced sterilizations under Alberto Fujimori, prompting renewed concern over accountability. Security Policy: President Keiko Fujimori visited El Salvador’s CECOT mega-prison, signaling interest in the country’s hard-line security model for Peru. Agriculture: Peru’s mango season opened under pressure from early El Niño conditions and reduced volumes.

Security and Diplomacy: President Keiko Fujimori’s visit to El Salvador produced four cooperation agreements covering security, health, tourism and judicial capacity. She also toured the country’s notorious CECOT prison as Peru explores adapting parts of President Nayib Bukele’s crime-fighting approach. Papal Visit: Pope Leo XIV is due in Peru during his November South America tour, including a stop in Cusco, where Sacsayhuamán is being prepared for a gathering of up to 75,000 people. Economy and Agriculture: Peru’s mango season has opened amid early El Niño pressure and lower expected volumes, while blueberry exports rose 29.8% in August to 58,731 tons. Formal employment also grew 4.9% year over year in August. Justice and Health: Peru has closed a long-running forced-sterilization case involving 52 officials from the Fujimori era, while El Niño is driving a surge in dengue cases.

Security Policy: President Keiko Fujimori toured El Salvador’s CECOT mega-prison, renewing attention to her campaign pledge to build a similar facility as Peru faces extortion and rising killings. Papal Visit: Pope Leo XIV is due to visit Peru on his South American tour beginning Nov. 6, with Cusco preparing for his visit. The Vatican also confirmed he voted in Peruvian elections when eligible during his years in the country. Agriculture: Peru’s blueberry harvest rose 29.8% to 58,731 tonnes in August, while mango growers face an early El Niño and reduced volumes as the season opens. Labor: Teachers joined a nationwide strike despite threats of pay deductions. Economy: Peru aims to exceed $140 billion in exports by 2040 and plans to relaunch hydroelectric plant tenders to attract private investment.

Security Policy: President Keiko Fujimori visited El Salvador’s CECOT mega-prison and discussed security cooperation with Nayib Bukele, as she weighs a similar facility for Peru amid rising extortion and homicide. Education: Teachers staged a 24-hour national strike for higher funding, labor agreements and pension rules; the Education Ministry warned of pay deductions for absences. Justice: Peru’s closure of the forced-sterilization case against 52 officials from the Fujimori era has renewed scrutiny of accountability for the campaign. Pope’s Visit: Pope Leo XIV is due in Peru from Nov. 6 to 17, with preparations underway for a major gathering at Cusco’s Sacsayhuamán fortress. Climate and Health: El Niño risks are mounting, with dengue cases rising in Peru as authorities prepare for wider disruption.

China–Peru Trade: An upgraded free-trade deal takes effect Nov. 1, aiming to expand trade and investment between the two countries. Papal Visit: Cusco officials are preparing Sacsayhuamán for Pope Leo XIV’s visit, with access and safety work planned ahead of a major gathering. Security: President Keiko Fujimori’s meeting with El Salvador’s Nayib Bukele puts prison control and the fight against criminal gangs in focus. Energy: Peru plans to relaunch hydroelectric project tenders to attract private investment. Justice: The closure of the forced-sterilization case against 52 Fujimori-era officials has drawn criticism as a setback for victims seeking accountability. Public Health: El Niño is driving a rise in dengue cases, adding pressure on health services.

Mining: Patriot Resources reported silver and base-metal traces at its Elvira target in southern Peru, including a rock sample grading 27.7 grams of silver per tonne, as it explores near its Tassa project. Papal Visit: Pope Leo XIV plans to meet abuse survivors during his Nov. 6–17 Latin America trip, which includes Peru; the Vatican announcement followed an appeal from a Peruvian survivors’ group. El Niño Warning: An OAS outlook warns the 2027 event could bring unusually heavy rain to coastal Peru, raising flood and landslide risks, while other parts of the region face drought. Fujimori-Era Case: Peru has closed the forced-sterilisation case against 52 officials from Alberto Fujimori’s government, a setback for efforts to secure accountability. Capital Markets: The Lima Stock Exchange is adopting the name Bolsa de Lima as it joins Colombia’s and Chile’s exchanges in a regional market under nuam.

Papal Visit: Pope Leo XIV is set to visit Peru from Nov. 6–17 as part of a South America tour; Vatican officials say he is recovering well after lung cancer surgery. Health: Dengue cases are rising in Peru amid El Niño conditions, adding pressure on public health services. Justice: Peru has closed the forced-sterilization case against 52 officials from the Fujimori era, ending a long-running effort to pursue accountability. Economy and Infrastructure: The Lima Chamber of Commerce expects exports to top $110 billion this year, while work on Lima Metro Line 4 has reached a key breakthrough.

Public Health: El Niño-fueled heat is driving a sharp rise in dengue: Peru has reported 76,784 infections and 81 deaths this year, more than double the cases recorded over the same period in 2025. Vaccination remains low, with just 2.7% of targeted people receiving a second dose. Human Rights: Prosecutors have closed the case against 52 former officials over forced sterilizations under Alberto Fujimori, declaring charges time-barred despite recognizing evidence of crimes against humanity and harm to more than 4,000 victims. Pope’s Visit: Pope Leo XIV is cleared to travel to Peru, Uruguay and Argentina from Nov. 6 to 17 after surgery for lung cancer. Amazon Security: A new regional mapping finds criminal groups operating in 34% of surveyed Peruvian Amazon municipalities, amid increasingly cross-border illicit networks.

Regional Politics: Lula’s fourth-term victory in Brazil halted the region’s rightward shift, with Peru among the countries that elected conservative governments in recent years. Government & Economy: President Keiko Fujimori announced S/6 billion for school construction in 2027 as officials promoted Peru to investors; central bank chief Julio Velarde urged the country to make the most of favorable economic conditions. Peru, the United States and the UN are also coordinating preparations for El Niño. Policy: Peru adopted the IHRA definition of antisemitism, which Israeli officials praised as historic. Pope’s Visit: Pope Leo XIV’s November trip to Peru is going ahead after lung surgery. He is due to return to a country where he spent two decades as a priest and bishop.

Peru’s Regional Ties: President Keiko Fujimori congratulated Brazil’s Lula on his reelection, saying Peru is ready to strengthen cooperation and its strategic alliance with Brazil. Diplomacy: Peru adopted the IHRA working definition of antisemitism, a nonbinding framework welcomed by Israel’s foreign minister. El Niño Response: The government announced a US$5.25 billion fiscal package to address El Niño impacts, as weather disruptions weigh on food supplies and Peru’s anchovy industry. Papal Visit: Pope Leo XIV’s November trip to Peru, Argentina and Uruguay is set to proceed after doctors cleared him to travel following lung surgery. Security: Peru’s Chamber of Deputies approved repealing two laws described as pro-crime, amid protests over crime and forest fires.

Papal Visit: The Vatican confirmed Pope Leo XIV’s Nov. 6–17 trip to Uruguay, Argentina and Peru will go ahead unchanged after doctors cleared him following lung surgery. Antisemitism Policy: Israel says Peru has adopted the IHRA definition of antisemitism; a letter from Peru’s foreign minister reportedly conveyed the decision, though Lima has yet to announce it publicly. Regional Politics: Brazil’s Lula won a historic fourth term, and President Keiko Fujimori congratulated him. His defeated rival, Flávio Bolsonaro, is seeking to annul the result. El Niño Response: Peru has announced $5.25 billion in fiscal measures and eased budget rules to prepare for El Niño’s effects. Public Safety: Protests in Lima have challenged Fujimori’s government over crime, while young demonstrators have also raised concerns about forest fires.

Public Discontent: Around 1,000 people marched in Lima against President Keiko Fujimori’s government, while young protesters have also raised concerns about crime and forest fires. El Niño Response: The government has announced US$5.25 billion in fiscal measures to limit the climate event’s economic damage. Peru reported no active forest fires after weeks of emergency, but El Niño-related disruption has halted anchovy fishing for the rest of the year, putting pressure on global fish-oil supplies. Security: Peru and the FBI are strengthening a specialized team targeting transnational criminal networks. A recent visit by the U.S. Southern Command chief also advanced cooperation against narcoterrorism in Loreto and the VRAEM. Regional Politics: Brazil’s Lula won a fourth presidential term in a dramatic comeback, bucking a rightward shift that includes Peru; rival Flávio Bolsonaro says he will seek to annul the result.

Public Protests: Young people, students, unions and families of protest victims marched in Lima, demanding action on extortion, forest fires and living costs, as well as police reform and justice for people killed in earlier protests. Crime: A report on Peru’s kidnapping surge details how a gold trader was held in a cramped underground cell in Trujillo, a city under emergency rule since 2024. El Niño Preparations: The government is easing fiscal rules and rolling out economic measures to cushion the expected impact, drawing on Peru’s strong public finances. Environment: Peru reported no active forest fires after weeks of emergency; separately, the AQUARESTAURA project won a regional environmental award for restoring ancestral Andean water systems. Regional Politics: Brazilians voted in a tight presidential runoff between Lula da Silva and Flávio Bolsonaro, with the result set to shape the region’s political direction.

Kidnapping Crisis: A gold trader’s 36-hour captivity in a cramped, sealed bunker in Trujillo highlights the methods of gangs demanding million-dollar ransoms. Extortion and contract killings have plagued the city despite a state of emergency in force since 2024. El Niño Response: Peru has announced US$5.25 billion in fiscal measures to tackle the expected impacts of El Niño, as President Keiko Fujimori calls for a coordinated response from regional and local authorities. Cross-Border Security: Peru and the FBI are strengthening a specialist team targeting transnational criminal networks. Regional Vote: Brazilians vote in a closely contested runoff between President Luiz Inácio Lula da Silva and Flávio Bolsonaro, a result with potential consequences for political and security ties across Latin America.