The Minister of Foreign Affairs of Peru, Javier González-Olaechea, expressed to the Chinese Foreign Minister, Wang Yi, the country’s commitment to strengthening trade relations with China through the modernization of the Free Trade Agreement (FTA), the adoption of an agreement that It will eliminate double taxation and the activation of commercial flights between both countries.

At the meeting, González-Olaechea gave his Chinese counterpart the original letter of invitation, signed by President Dina Boluarte, for President Xi Jinping to make a state visit to Peru within the framework of the Cooperation Forum Leaders’ Summit. Asia-Pacific Economic Conference (APEC) that will be held in the Latin American country.

The Minister of Foreign Affairs of Peru pointed out the importance of concluding as soon as possible the negotiations to modernize the Free Trade Agreement (FTA) between both countries, so that it can be signed next November.

In the meeting, which lasted more than an hour, at the “Diaoyutai State Guesthouse” in Beijing, Foreign Minister González-Olaechea recalled that both countries already have the legal framework to activate commercial cargo and passenger flights that connect Peru and China. and expressed the hope that this could materialize soon.

González-Olaechea indicated that Peru will support and co-sponsor the draft resolution that China has presented to the United Nations General Assembly to establish a day that commemorates and promotes the “Dialogue between Civilizations.”

The foreign ministers of Peru and China reviewed the progress made within the framework of the “Comprehensive Strategic Partnership” – agreed in 2013 – and agreed on the importance of continuing to expand it towards new fields of mutual interest such as the transition to a green economy (renewable energies). ; the digital economy and the digital transformation of production processes; investment in artificial intelligence in sectors such as manufacturing, services and agriculture; electronic commerce; digital medicine and telemedicine, among others.

In addition, the fact was highlighted that bilateral negotiations are underway to adopt an “Agreement to eliminate double taxation and prevent tax evasion and avoidance”, an instrument that will facilitate the increase of investments.

Peru’s Economy Minister addresses potential international arbitration with Cosco Shipping over the port of Chancay

During the meeting, Peru’s firm commitment to continue guaranteeing legal security for all national and foreign investments in the country was also reaffirmed and, within this framework, the very high importance of the development and upcoming inauguration of the Port of Chancay was highlighted.

In that sense, this infrastructure will mean a qualitative leap in favor of the competitiveness of the South American nation and will allow the creation, together with other important investments and related projects, of a logistics, industrial, commercial and technological hub in the South Pacific, promoting economic projection. and the incorporation of Latin America into the value chains of the Asia Pacific region.

The Foreign Minister of Peru was accompanied, among others, by the Peruvian ambassador to China, Marco Balarezo, and the general director of Asia and Oceania of the Peruvian Foreign Ministry, ambassador Fernando Quirós.

Meanwhile, his Chinese counterpart was accompanied, among others, by the Deputy Minister of Foreign Affairs of China, Hua Chunying, and the director general for Latin America and the Caribbean of the Chinese Foreign Ministry, Cai Wei.


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