Peru expects to modernize its Free Trade Agreement (FTA) with China in order to strengthen their already excellent bilateral relationship and explore new ways of cooperation, Peruvian Ambassador to Beijing Luis Quesada informed.
According to Quesada, Peru's Foreign Trade and Tourism Ministry (Mincetur) is in charge of this process.
"In my opinion, a state-of-the-art deal with China will have a positive impact on bilateral trade
," the Ambassador expressed.
As is known, the treaty was signed on April 28, 2009, in Beijing and came into force on March 1, 2010.
Quesada indicated exporters of blueberries, asparagus, grapes, avocados
, mangoes, and alpaca fiber, among others, benefit from this agreement.
Peru's challenge is to exponentially increase the entry of value-added products in the Chinese market and diversify the offer of processed and high-nutritional-value foods.
"The rise of the Chinese middle class has opened up a new market niche. They (its members) are focused on a healthy diet and the consumption of high-quality products," the official said.
Companies and human capital
Over 170 Chinese companies currently operate in Peru and can be found in different sectors such as mining
, oil, fishery, and trade
, among others, the diplomat pointed out.
"According to numerous projections, China will become the world's largest economy in a few years. Opportunities are increasing here. It is important for more Peruvians to come (here) and see the development process of this country," he added.