On November 17, 2018, Peru and China signed a memorandum agreeing to begin negotiations for the optimization of
their free trade agreement. In April 2019 Peru and China will begin a series of bilateral meetings to optimize their FTA.
On April 4, 2019, Peru and China held the first round of negotiations in Beijing to optimize their FTA. The second round
of negotiations took place on June 17-19, 2019 in Lima, Peru. The third round of negotiations to optimize the agreement
ended in Beijing, China on August 17, 2019. The fourth round of negotiations took place in Lima, Peru and
ended on October 6, 2019.
The fifth round of negotiations was held in Beijing from May 30 to June 2. In this round, negotiations included rules of origin, customs procedures and trade facilitation, investment, trade in services, electronic commerce, and intellectual property.
Peru and China signed the Optimization Protocol to their Free Trade Agreement (FTA) on November 14, 2024.
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