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Peru gathering to focus on regional free trade, connectivity

CCTV.com

11-19-2016 12:43 BJT

Full coverage: Xi Visits Ecuador, Peru and Chile, Attends APEC Summit

Peru is among the latest countries to join the organization in 1998. The country's GDP has tripled in the past 10 years as a result of its rapid economic growth and expansion. Speaking to CCTV, Peru's second Vice President voiced her gratitude for joining the cooperation. 

The China-Peru Free Trade Agreement was officially ratified in 2009 and went into effect on March 1st 2010. In 2015, bilateral trade has hit a record level of nearly 15 billion US dollars. Chinese investments in Peru have been wide-ranging, covering mining, hydrocarbons, infrastructure, financial services and more. Over 170 Chinese businesses have invested more than 14 billion US dollars in Peru.

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