A: The China-Peru FTA was signed in April 2009 and is China’s first comprehensive FTA with a Latin American country. In November 2018, the two sides announced the launch of negotiations to upgrade the China-Peru FTA and substantially concluded them in June 2024. In November 2024, the two sides formally signed the Protocol to Upgrade the China-Peru FTA. Through joint efforts, both sides have now completed their respective domestic procedures, and the upgrade protocol will officially enter into force on November 1. Under the current international circumstances, this reflects the determination of the two countries to jointly uphold multilateralism and free trade. The implementation of the upgrade protocol will promote the in-depth development of China-Peru economic and trade relations, enrich the China-Peru comprehensive strategic partnership, create a more favorable business environment and more trade and investment cooperation opportunities for enterprises of both sides, and bring more tangible benefits to the peoples of both countries. We welcome our friends from the media to follow and report on this.