[Ministry of Commerce: The China-Peru Free Trade Agreement Upgrade Protocol will officially take effect on November 1] On October 29, Ministry of Commerce spokesperson Huang Ling stated at a regular press conference on the 29th that the China-Peru Free Trade Agreement was signed in April 2009 and was the first comprehensive free trade agreement signed between China and a Latin American country. In November 2018, the two sides announced the launch of negotiations to upgrade the China-Peru Free Trade Agreement, which would be substantially completed in June 2024. In November 2024, the two sides formally signed the protocol to upgrade the China-Peru Free Trade Agreement. After joint efforts, both parties have now completed their respective domestic procedures, and the upgrade protocol will officially take effect on November 1. Under the current international situation, this reflects the determination of the two countries to jointly safeguard multilateralism and free trade. The implementation of the upgraded protocol will promote the in-depth development of China-Peru economic and trade relations, enrich the connotation of the comprehensive strategic partnership between the two countries, create a more favorable business environment and trade and investment cooperation opportunities for enterprises on both sides, and bring more practical benefits to the two peoples.