Economy & Business - November 2026

PERU | China FTA updated. On 1 November an updated free trade agreement (FTA) came into force between Peru and China to mark the 55^th anniversary of bilateral relations between the two countries. This modernises the original 2010 FTA by updating the chapters on rules of origin, customs procedures and trade facilitation, trade in services, business visits, investment, intellectual property, and sanitary and phytosanitary measures. It also adds five new chapters on competition policy, digital commerce, global supply chains, cooperation on standards and evaluation of conformity, and the environment. Peru’s foreign trade and tourism minister, Rogers Valencia, was cited in a 28 October government statement as saying that China is Peru’s largest trade partner, accounting for 35% of trade in 2025 and receiving more Peruvian exports than any other country.