Peru expects to ratify an 11-nation Asia-Pacific trade agreement in March, slightly more than a year after it was signed.

Foreign Trade and Tourism Minister Edgar Vasquez said March 7 that all of the country’s 18 cabinet ministries had approved the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP). Individual approval by each ministry means the agreement does not modify Peru’s constitution so it can be ratified by executive order instead of going to Congress for passage.

“We have...