Advertisement
New Peru government vows to apply Hong Kong trade deal, but is silent on mainland China
Prime Minister Luis Galarreta says country aims to become trade and investment bridge between South America and Asia-Pacific
3-MIN READ3-MIN
1
Listen
Peru’s new government has pledged to bring its free-trade agreement with Hong Kong into force this year as part of an effort to position the country as a commercial bridge between South America and the Asia-Pacific, even as its first comprehensive policy programme made no direct mention of mainland China or the Chinese-operated Chancay megaport.
Prime Minister Luis Galarreta told lawmakers on Thursday that commercial openness would remain a state policy under Peruvian President Keiko Fujimori’s administration.
“During 2026, we will promote the entry into force of the free-trade agreement with Hong Kong, advance new agreements and promote regional exports,” Galarreta said in an address outlining the government’s priorities before the Chamber of Deputies.
“The long-term goal is for Peru to consolidate its position as a platform for trade, investment and services between South America and the Asia-Pacific, maintaining our participation in Apec and other economic blocs.”
The commitment was the only explicit reference to Hong Kong in Galarreta’s 18-page address, which focused heavily on domestic security, economic growth, infrastructure, mining investment and government reform.
Advertisement
Select Voice
Select Speed
1.00x