In a significant move to bolster international cooperation, Chinese President Xi Jinping and Peruvian President Dina Boluarte announced the deepening of the comprehensive strategic partnership between China and Peru during their recent talks in Lima.
Marking 53 years since the establishment of diplomatic relations, and a decade since the strategic partnership was first established in 2013, the two nations have steadily enhanced mutual trust and practical cooperation across various sectors, delivering tangible benefits to their populations.
The joint statement highlighted plans to intensify collaboration in key areas such as infrastructure, energy, and mining. Both countries see China’s developmental trajectory as a source of new opportunities for Peru, with Beijing reaffirming its support for Peru’s economic and social advancements tailored to its unique national conditions.
A cornerstone of the renewed partnership is the upgraded free trade agreement signed during Xi’s visit. This agreement aims to facilitate trade and investment, strengthen customs cooperation, and boost the exchange of high value-added products, paving the way for increased economic synergy.
Under the Belt and Road Initiative framework, China and Peru are exploring new avenues for cooperation that promise mutual benefits and sustainable development. The opening of Chancay Port stands out as a pivotal project, positioning Peru as a leading logistical and industrial hub in Latin America and enhancing trade ties with Asia.
Beyond traditional sectors, the partnership is set to embrace emerging fields such as the circular economy, sustainable agriculture, digital economy, and green development. Additionally, the establishment of China-Peru aviation links through code-sharing agreements marks a significant step towards enhancing connectivity and fostering direct flight opportunities.
The collaboration also extends to technological advancements, with a focus on artificial intelligence capacity building to enhance digital competitiveness, particularly for vulnerable groups. In the fisheries sector, both nations are committed to sustainable practices to ensure long-term industry viability.
On the global stage, China and Peru reaffirm their commitment to multilateralism, supporting a UN-centered international system and advocating for the reform of the World Trade Organization. Both countries aim to restore the WTO’s dispute settlement mechanism and strengthen the multilateral trading system’s authority and effectiveness.
As China and Peru continue to deepen their strategic partnership, their collaboration promises to drive sustainable growth and address global challenges through shared initiatives and mutual support.
Reference(s):
China, Peru agree to deepen comprehensive strategic partnership
cgtn.com
