China - Peru Free Trade Agreement

The Free Trade Agreement between China and Peru entered into force on 2010, fully or partially eliminating import tariff for most energy products and technologies, including: 

• Agglomerated and reduced iron, alumina;
• Scrap metal, ammonia, crude steel, aluminium;
• Nitrogen fertilizers, solar PV modules, solar cells, solar wafers;
• Polysilicon, battery packs, battery cells;
• Anodes and cathodes; 
• Electrolysers, heat pumps;
• Electric vehicles, ICE cars;

The Agreement also includes rules of origin requiring goods to be wholly produced in each country, and imported directly from one into the other. Additionally, the costs of non-originating materials involved in the production need to represent less than 15% of the value of the good. 

Want to know more about this policy ? Learn more