Peru and China to Implement Upgraded Trade Pact
A new protocol modernizing trade relations between the two nations is set to enter into force on November 1, 2026.
Updated on Oct. 30, 2026 in International Trade
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Peru will formally launch an upgraded free trade agreement with China on November 1, 2026, following the signing of Supreme Decree 012-2026-MINCETUR. This protocol expands the original 2009 treaty to incorporate five new chapters addressing modern trade concerns.
Why it matters
The updated framework aims to streamline customs procedures and accelerate online trade while encouraging foreign investment in infrastructure and media production. This move seeks to build on the strong commercial ties between the two nations, as China represented 35% of Peru's total trade in 2025.
Peru's exports to China totaled US$10.7 billion in the first quarter of 2026, marking a 42.6% increase. During the same period, imports from China reached US$5.0 billion, a growth of 19.4%.
The players
Keiko Fujimori
She is the President of Peru who signed Supreme Decree 012-2026-MINCETUR to formalize the implementation of the new trade protocol.
The details
The protocol modernizes seven original chapters and introduces new regulations for electronic commerce, global supply chains, competition policy, environmental standards, and product standards. These changes are intended to facilitate more efficient logistical operations and foster joint ventures in the film and television sectors.
Timeline
April 28, 2009: Peru and China signed the original trade treaty.
March 1, 2010: The original trade treaty took effect.
November 14, 2024: Peru and China signed the new protocol.
October 27, 2026: Supreme Decree 012-2026-MINCETUR was published.
November 1, 2026: The upgraded free trade agreement enters into force.
Market Dynamics
The implementation of this protocol highlights a strategic shift in Peru's international trade relations, occurring alongside the existing US-Peru Free Trade Agreement. This dual approach allows Peru to balance its significant commercial interests with China against its established economic ties with the United States.
Investors and businesses involved in cross-border trade between Peru and China may benefit from reduced customs friction and enhanced legal protections. Those monitoring regional economic performance should watch for shifts in sector-specific investment following the new rules.
The takeaway
The implementation of this agreement signals an effort to modernize economic collaboration beyond traditional commodity exchange. Businesses operating within this corridor should prepare for updated customs and environmental standards coming into effect this week.
Further reading
For broader trends in global commerce, visit the International Trade section.
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