The fta signed is the embodiment of the political mutual trust, and the successful implementation of the fta and further improved the level of bilateral strategic relations, laid a solid foundation for development of bilateral relations.
On April 28, 2009, adhering to the adherence to free trade, China and Peru signed the fta agreement in order to promote economic complementarity and win-win cooperation. The agreement came into effect in 2010. China-peru fta signed for eight years, the institutional advantages gradually appear, the secret of the two countries has formed the fate of mutual benefit and common development community, opened a secret cooperation in the new situation.
The fta is an engine for the development of economic and trade relations between China and Peru, and facilitates the development of bilateral trade. In 2009, the trade volume was only $6.4 billion. Then, in 2010, the fta in the context of the international financial crisis, upturn in the value of trade secret, year-on-year growth of 44%, ranking China as Peru's second largest trading partner. Since then, bilateral trade has grown at an average annual rate of 10 per cent, more than doubled in 2016 to $16.7 billion in 2016. China has been Peru's largest trading partner, the largest export market and the largest source of imports for three consecutive years.
Notably, the export of Peruvian minerals and high-quality agricultural products to China has multiplied. Peru's avocado, grape, blueberries and other fruits enrich the Chinese dining table, alpaca products, gaoquinoa, makka and other specialty products are well-known in China.
It can be said that the signing of the fta is a reflection of political mutual trust, and the successful implementation of the fta and further improved the level of bilateral strategic relations, laid a solid foundation for development of bilateral relations. Peru has become a Latin American country that is both a comprehensive strategic partner and a free trade agreement with China. In secret last year the two heads of state historic visits, this in the history of bilateral relations, landmark, pointed out the direction in the future development of bilateral relations. The implementation of the fta has also led to more and more people-to-people and cultural exchanges between the two countries, significantly raising the visibility of china-peru countries in each other's countries. In Peru, a "China craze" has been set up to learn Chinese as a youth trend in Peru. The long history and beauty of the "incas" attract more and more Chinese tourists, and China has become one of the fastest growing tourist countries in Peru. The friendship between people has created a good social foundation for the sustainable development of china-peru relations.
