What Changed
- Upgrade negotiations launched in November 2018 were substantially concluded in June 2024 and formally signed in November 2024.
- Peru issued a decree on October 27 setting the entry into force of the upgrade protocol for November 1.
- China's Ministry of Commerce confirmed the completion of domestic legal procedures and welcomed the entry into force.
Enterprises, legal professionals, and commercial entities operating in cross-border trade between Mainland China and Peru face an updated trade and investment regulatory environment with the implementation of the Protocol to Upgrade the China-Peru Free Trade Agreement (FTA).
On October 27, Peru issued a decree announcing that the Protocol to Upgrade the China-Peru FTA will officially enter into force on November 1. At a regular press conference on October 29, 2026, a spokesperson for China’s Ministry of Commerce (MOFCOM) confirmed that both countries have completed their required domestic legal procedures, allowing the upgrade protocol to take effect on November 1.
The original China-Peru Free Trade Agreement was signed in April 2009, establishing China’s first comprehensive FTA with a Latin American country. In November 2018, both sides initiated negotiations to upgrade the treaty framework. These negotiations were substantially concluded in June 2024, culminating in the formal signing of the Protocol to Upgrade the China-Peru FTA in November 2024.
According to MOFCOM, the entry into force of the protocol under current international circumstances demonstrates the commitment of both nations to jointly uphold multilateralism and free trade. MOFCOM stated that the implementation of the upgrade protocol will drive the in-depth development of China-Peru economic and trade relations and enrich the China-Peru comprehensive strategic partnership. Additionally, the upgraded protocol is expected to build a more favorable business environment, unlock new trade and investment cooperation opportunities for enterprises on both sides, and bring tangible benefits to the peoples of both countries.
Cross-border enterprises and legal advisors should monitor the implementation of the upgraded FTA framework across both jurisdictions as the new terms take effect.
Who May Be Affected
Enterprises, trade professionals, importers, exporters, and investors conducting business between Mainland China and Peru.
Cross-Border Context
Reflects enhanced bilateral trade rules and investment cooperation between Mainland China and Peru.
What to check next
- Official text and operational implementation details of the Protocol to Upgrade the China-Peru FTA.
- Decree published by the government of Peru on October 27.
This article provides general information and does not constitute legal advice. Consult the official text and obtain advice appropriate to your circumstances where needed.