China-Peru Free Trade Agreement

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Then Chinese Vice President Xi Jinping and former Peruvian Vice President Luis Giampietri Rojas witness the signing of China-Peru Free Trade Agreement on April 28, 2009 in Beijing, China. [Xinhua]

On April 28, 2009, the Chinese and Peruvian Governments signed the China-Peru Free Trade Agreement (FTA) in Beijing. The China-Peru Free Trade Agreement, which went into effect on January 15, 2010, is the first comprehensive FTA China has signed with a Latin American country.

China and Peru commenced FTA negotiations on September 7th, 2007, when then Chinese President Hu Jintao and Peruvian President Garcia attended APEC informal leadership meeting in Sydney Australia.

Since 2012, China has been Peru's main trading partner and the leading destination for Peru's total exports. In 2014, China also became its main supplier of capital goods and leading investor, with US$18 billion.

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