Business & Finance
China’s ‘Upgraded’ Peru Trade Deal Takes Effect, Widening Ties
Key Points
China’s ‘Upgraded’ Peru Trade Deal Takes Effect, Widening Ties China’s upgraded free-trade agreement with Peru took effect Sunday, expanding rules covering areas including e-commerce, global supply chains, competition policy and the environment, according to the Ministry of Commerce in Beijing. The two countries signed what the ministry called “the upgrade protocol” in November 2024 after beginning negotiations six years earlier. They also agreed to begin talks on “negative lists” for trade...
China’s ‘Upgraded’ Peru Trade Deal Takes Effect, Widening Ties
China’s upgraded free-trade agreement with Peru took effect Sunday, expanding rules covering areas including e-commerce, global supply chains, competition policy and the environment, according to the Ministry of Commerce in Beijing.
The two countries signed what the ministry called “the upgrade protocol” in November 2024 after beginning negotiations six years earlier. They also agreed to begin talks on “negative lists” for trade in services and investment within two years of the protocol taking effect.