As Peru and China marked the 50th anniversary of the establishment of diplomatic relations in November 2021, both sides seek to further deepen cooperation in various fields such as trade and investment. They also speed up the negotiations on upgrading the free trade agreement (FTA) signed in 2009, aiming to take bilateral ties to a new level.
Trade between Peru and China has surged over the last decade. Last year bilateral trade rose 39 percent, reaching about US$31 billion, which was largely supported by mineral and fishing products. Peru's coffee exports to China was more than tripled between 2018 and 2021 to more than US$1.4 billion. Opportunities are also on the horizon for native products such as quinoa, a native grain from the Andean region. Nowadays China has become Peru's top trading partner and one of the main investors. Meanwhile, Peru's trade with Hong Kong also rose 72 percent last year.
In cooperation with the Asociación de Exportadores (ADEX), the Chamber will organize a talk on 28 September, during which Consul General of Peru Enrique Carlos Cardenas Arestegui will give a brief overview about the Peru's current economic situation and investment opportunities. Edgar Vasquez, Director of ADEX, and Fernando Tori, Tax Partner at EY Peru, both of whom will be speaking from Peru – will discuss the growing cooperation between Peru and China, Peru's trade with Hong Kong, opportunities and trends in some sectors, Peru's local business environment especially tax and regulatory issues relevant for foreign investors, as well as challenges and prospects for the Peruvian economy.
For participants attending in-person, please note:
- Seats are limited and available on a first come first served basis.
- Pre-registration for in-person attendance is required and the Chamber reserves the right to decline such an application.
- Attendees are required to scan the "Leave Home Safe" QR code on arrival at the Chamber and should wear a mask at all times. They are also subject to temperature checks.
- Attendees, who feel unwell are advised against in-person attendance at the Chamber.
- No food or beverages are allowed.
- Thank you for your cooperation.