The 31st Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting is in full swing in Lima, Peru, from November 10 to 16. This year's summit highlights the deepening of the strategic partnership between China and Peru, two nations committed to fostering robust bilateral relations.
China and Peru have a longstanding relationship, with Peru being one of the first Latin American countries to establish diplomatic relations and a comprehensive strategic partnership with China. Notably, Peru was also the first in Latin America to sign a package of free trade agreements with China, paving the way for expanded economic collaboration.
Since the signing of the memorandum of understanding on the Belt and Road Initiative (BRI) in 2019, China and Peru have witnessed significant advancements in their bilateral cooperation. The collaboration spans various sectors, including economy, trade, finance, and culture, demonstrating the multifaceted nature of their partnership.
At this year's APEC meeting, both nations are expected to further solidify their ties, exploring new opportunities for joint ventures and mutual growth. The ongoing cooperation not only strengthens their bilateral relationship but also contributes to the broader goals of economic integration and sustainable development within the Asia-Pacific region.
Reference(s):
cgtn.com
