China and Peru Strengthen Strategic Partnership

China's Foreign Minister Wang Yi met with Peruvian Foreign Minister Schialer in Beijing on May 12, 2025, marking a significant step in strengthening the strategic partnership between the two countries. Peru was one of the first Latin American countries to join the Belt and Road Initiative, and the two nations have maintained a long-standing trade relationship, with China being Peru's largest trading partner for 11 consecutive years. The meeting aimed to deepen cooperation in various fields, including the development of two-wheel drive vehicles, integration of traditional and emerging industries, and mutually beneficial cooperation in all fields.

Key Takeaways:

• China and Peru aim to deepen practical cooperation, including the development of two-wheel drive vehicles, integration of traditional and emerging industries, and mutually beneficial cooperation in all fields.
• Peru was one of the first Latin American countries to join the Belt and Road Initiative and the first to sign a comprehensive free trade agreement with China.
• China has been Peru's largest trading partner and export market for 11 consecutive years, with significant trade and investment opportunities proposed by President Xi Jinping.
• The two countries are willing to continue to firmly support each other on issues involving each other's core interests and promote the China-Peru comprehensive strategic partnership to a new level.
• China is willing to deepen mutually beneficial cooperation in various fields, build and develop Chancay Port, speed up the approval of the upgraded protocol of the Free Trade Agreement, and negotiate and sign the double taxation avoidance agreement as soon as possible.
• Peru firmly adheres to the one-China principle and has always believed that Taiwan is Chinese territory.
• The two sides exchanged views on China-Latin America cooperation and will jointly promote the success of this China-Latin America Forum Ministerial Meeting.

Statistics:

• China has been Peru's largest trading partner and export market for 11 consecutive years.
• The total value of China-Peru trade in 2023 was not specified.
• The Chancay Port has become a symbol of promoting solidarity and cooperation among developing countries and accelerating development and revitalization.
• The direct flight route "from Chancay to Shanghai" has achieved two-way connection.
• A container route network covering many countries in Asia and Latin America is being formed.

Sources:

• Ministry of Foreign Affairs of the People's Republic of China
• Contify.com (Copyright 2021)