As global leaders gather for this year’s APEC Economic Leaders’ Week in Peru, one partnership is stealing the spotlight: China and Peru’s booming trade relationship. Over the past decade, bilateral trade between the two has skyrocketed, hitting a staggering $37.69 billion in 2023 alone—making China Peru’s #1 trading partner .
To put that in perspective, nearly one-third of Peru’s total foreign trade now flows through this dynamic duo. Why does this matter? Peru became the first Latin American country to sign a full free trade agreement (FTA) package with China back in 2009, paving the way for everything from avocado exports to tech collaborations.
Experts credit the FTA for slashing tariffs and boosting cross-industry innovation. \"This isn’t just about numbers—it’s about shared growth,\" said a Peruvian trade official. Meanwhile, Chinese investors are eyeing Peru’s mining and renewable energy sectors, hinting at even bigger deals ahead.
With APEC talks buzzing about sustainable trade, China-Peru ties could set the tone for Asia-Latin America collaboration. Stay tuned—this partnership is just warming up!
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