China and Peru have further strengthened their economic relationship with the signing of an upgraded Free Trade Agreement (FTA) on November 14. The agreement, along with the inauguration of the Chancay Port, a major Belt and Road Initiative project, underscores the growing strategic partnership between the two nations.

Chinese President Xi Jinping arrived in Peru today for a state visit and to attend the 31st APEC Economic Leaders' Meeting. The trip will further solidify the two countries' strategic partnership and underscore China's growing economic influence in the region.

Last month, China's General Administration of Customs issued the following regulatory requirements, opening its door for more fruit, meat and seafood from Latin American, Caribbean, Asian and Pacific countries, as they push for more access to the Chinese market.

China and Peru announced that they have substantially finished the negotiations on the upgrade of their 2009 free trade agreement. They also signed deals in other trade and economic areas.

China and Brazil held the seventh High-Level Coordination and Cooperation Committee (COSBAN) meeting on June 6. The meeting's outcomes reflect a shared commitment to a number of issues, from facilitating agricultural trade to fostering capacity cooperation and leveraging related funds.

The China-Ecuador Free Trade Agreement (FTA) entered into force on May 1 after both sides finished their domestic legal procedures. The agreement would lower tariffs for Chinese steel and autos over time.

Today, China and El Salvador officially kicked off talks for a bilateral trade agreement.