Trade Agreement Between China And Peru

On November 17, 2018, Peru and China signed a memorandum for the opening of negotiations to optimize their free trade agreement. In April 2019, Peru and China will begin a series of bilateral meetings aimed at optimizing their free trade agreement. On April 4, 2019, Peru and China held the first round of negotiations in Beijing to optimize their free trade agreement. The second round of negotiations took place from 17 to 19 June 2019 in Lima, Peru. The third round of negotiations for the optimization of the agreement ended on August 17, 2019 in Beijing, China. The fourth round of negotiations took place in Lima, Peru, and ended on 6 October 2019. The most sought-after Peruvian products in China are minerals, copper cathodes, fishmeal, iron minerals and silver minerals. At the China International Import Expo, Rogers Valencia, Peru`s Minister of Foreign Trade and Tourism, announced the importance of China as a trading partner. While most of Peru`s exports are related to minerals, there are other potentials, such as agricultural products, fish and seafood and textiles.

In recent years, China and Peru have made efforts to strengthen relations, boost trade and encourage investment. This has led to significant Chinese investments and projects in Peru, particularly in the areas of logistics, transport, telecommunications and mining. In addition, Peru is seeking to improve trade relations with several regions. For example, Peru will be able to ratify the comprehensive and progressive agreement on the Trans-Pacific Partnership (CPTPP) in the first quarter of 2019. It is also currently working to optimize APEC`s foreign trade and gain greater benefits. In total, free trade agreements cover more than 95% of its exports. This contributes to a large extent to the growth of local businesses that have products appreciated by international markets. The idea of such a trade agreement was formally proposed for the first time by Peruvian Trade Minister Mercedes Aréoz to her Chinese counterpart Bo Xilai on 18 November 2006 at the 2006 APEC Summit. [4] In February 2007, the two ministers approved a feasibility study that was successfully completed six months later. [4] On 7 September 2007, Chinese President Hu Jintao and Peru President Alan Garcia announced the official opening of negotiations at the 2007 APEC Summit. [5] The first round of negotiations took place in Lima between 20 and 23 January 2008.

the second round was held in Beijing from 3 March to 7 March of the same year. [6] The third round was also held in Beijing in May. [7] On 19 November 2008, President Alan Garcia announced that the two sides had concluded negotiations on trade pacts and that the agreement would be signed in the coming months. [8] The negotiated investment chapter co-exists and complements the scope of the 1994 Investment Promotion and Protection Agreement. It is interesting to note that an article on essential security, which deals with aspects of expropriation for national security reasons, in accordance with the provisions of the Peruvian Constitution, was included in the agreement. In addition, the term “good will” was introduced into the definition of “investment” regardless of intellectual property rights. Promising times have certainly arrived, with Peru`s participation in the World Economic Forum (WEF) signaling that regions are turning to a global economic powerhouse. On the WEF, Vice President of Pero, Mercedes Araoz announced that Peru is ready to become a regional shopping center. In addition, strengthening its trade relations with China, an important trading partner, will create new investment opportunities in many sectors.

However, there is one chapter in other important trade agreements signed by our country that the government has made a striking out of the agreement with China: the environment. The peru-China free trade agreement was signed on April 28. For China, Peru is an important source of minerals, especially copper. For Peru, increased trade with China is an important way to diversify exports towards a