On 1 November 2026 the Ministry of Commerce of China announced that the Protocol upgrading the Free Trade Agreement between China and Peru formally took effect. Negotiations began in November 2018; the protocol was signed on 14 November 2024 after both sides completed domestic approval.
The protocol improves seven existing chapters: rules of origin, customs procedures and trade facilitation, sanitary and phytosanitary measures, intellectual property, trade in services, temporary entry of business persons, and investment. It adds five new chapters on standards and conformity assessment cooperation, competition policy, e-commerce, global supply chains, and environment and trade. The parties also set a future clause to start negative-list talks on services and investment within two years of entry into force.
MOFCOM said the original China-Peru FTA, in force since March 2010, was China's first comprehensive FTA with a Latin American country. Two-way trade rose from USD 6.4 billion in 2009 to USD 50.4 billion in 2025, nearly a sevenfold increase. The global supply chain chapter encourages multimodal transport and logistics corridor and infrastructure cooperation.
The same day, China News reported that Shenzhen Customs Fuzhong office issued China's first upgraded China-Peru certificate of origin for Amethyst Foods (Group). That shipment can receive about RMB 19,000 of duty relief at Peruvian import. Under the upgraded rules of origin, the new COO can bind multiple invoices and no longer caps goods at 20 line items; firms may self-print signed and sealed certificates on blank A4 after customs approval, completing declaration and collection online.
MOFCOM published the protocol text on the China Free Trade Zone Service Network (fta.mofcom.gov.cn). GACC has issued the revised measures on origin of goods under the China-Peru FTA. Exporters shipping multi-SKU candy and other consumer goods to Peru in the Latin America peak fourth quarter can use one certificate where several were needed before.