President Xi visits Peru, FTA to be upgraded
November 28, 2016 Category VIP visits, Weekly
China and Peru signed a range of agreements as the two countries agreed to begin joint research on ways to upgrade their free trade agreement (FTA). The signing ceremony was witnessed by President Xi Jinping and his Peruvian counterpart Pedro Pablo Kuczynski. They agreed to work more closely on energy, trade, minerals, finance, industrial parks and infrastructure. China also agreed to help provide equipment for an archaeological museum in Lima. China-Peru bilateral trade reached USD16 billion in 2015, more than double the amount of trade before the two countries signed the free trade agreement in 2009.
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