The governments of Peru and China signed a memorandum agreeing on the start of negotiations for the optimization of the Free Trade Agreement (FTA), a process that will begin in the first half of 2019.
The signing of the document was in charge of the Minister of Foreign Trade and Tourism of Peru (Mincetur), Rogers Valencia, and the Chinese Minister of Commerce, Zhong Shan, in the framework of the Ministerial Meeting of the APEC Forum, held in the city of Port Moresby, Papua New Guinea, said El Comercio.
“We are sure that there is broad potential to improve bilateral trade and investment flows between our countries,” Valencia said.
He also told the media that he is determined to include new chapters referring to electronic commerce and competition.
“The minister said that trade between Peru and China has grown considerably and that both countries agree on the importance of updating this trade agreement”, the aforementioned website said.