Peru Ratifies Upgraded Free-Trade Agreement With China

Trade: Lima Key Facts —Ratification. Peru ratified the Optimization Protocol upgrading its free-trade agreement with China through Supreme Decree No. 035-2026-RE. —Origin. The protocol was signed in Lima in November 2024, during the APEC summit and Chinese President Xi Jinping’s state visit. —New chapters. The upgrade adds provisions on e-commerce, competition, global supply chains, standards…