Mr. Speaker, this year marks Peru's 201st anniversary of independence. Canada has eight free trade agreements in the hemisphere. They are with Chile, Colombia, Costa Rica, Honduras, Panama, Peru, Mexico and the U.S.
Peru is Canada's third largest bilateral trading partner in Latin America and one of the fastest growing economies in Latin America, with an annual growth rate of 5.5%. Since its launch in 2020, the Peruvian Canadian Institute, through Huntington University, aimed at developing economic ties and bridges between our two countries.
I encourage all parliamentarians to take part in the ParlAmericas activities to strengthen our bond with Caribbean and Latin American countries. I invite members and senators to attend a meeting this evening in West Block in honour of the ambassadors and high commissioners. Canada plays an important role in fostering relationships with member countries of ParlAmericas when it comes to addressing climate change, gender equality and open government.