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An environmental chapter for Peru and China FTA

By Espinosa Bellido Abogados - 14/12/2020
An environmental chapter for Peru and China FTA

The Amazonian Indigenous Platform for Monitoring Chinese Investments in Peru has presented a proposal for a chapter on the environment to the Chinese embassy and the Peruvian Minister for Foreign Trade and Tourism for its inclusion in the revised free trade agreement between Peru and China currently under renegotiation.

As the agreement being renegotiated by Peru and China does not currently have an environmental chapter, the Platform´s proposal includes eleven issues that need to be negotiated, including a commitment not to promote trade or investment through the weakening, reduction or non-implementation of environmental legislation in either country; the commitment to cooperate in sustainable forest management, the monitoring and control of the timber trade, and forest management in indigenous territories; measures to combat the illegal trade in wildlife; a commitment to respect prior consultation and free determination of indigenous peoples when involved in intercultural dialogue; and a commitment to respect human rights, especially those of environmental defenders.

Since taking effect in March 2010, the China-Peru FTA has seen generally good effects. It has played a positive role in promoting the sustained, healthy and stable development of bilateral economic and trade relations, and brought tangible benefits to the enterprises and people of the two countries. According to statistics from Chinese Customs, the bilateral trade in goods in 2018 between China and Peru reached US$23.1 billion, up 14.7% year on year. Peru has become one of the most preferred destinations in Latin America for Chinese companies to invest in.

The negotiation on upgrading the China-Peru FTA is an important consensus reached by the leaders of the two countries based on the long-term development of bilateral relations. The two sides agreed that the negotiation had a positive effect on further exploring the potential of bilateral economic and trade cooperation and maximizing the benefits of the China-Peru FTA, and highlighted the two sides’s common position in safeguarding free trade and promoting economic globalization.

By Espinosa Bellido Abogados - 14/12/2020
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Espinosa Bellido Abogados

The Industrial Property work of Estudio Francisco Espinosa Bellido Abogados started in 1941 with Dr. Francisco Espinosa Sánchez, father of current senior partner Dr. Francisco Espinosa Bellido and grandfather of current partner Dr. Francisco Espinosa Reboa.

In its 69 years of outstanding legal work the firm has represented the interests of several national and international clients, companies and foreign correspondents obtaining and defending their industrial property rights in Peru, while also displaying an active and remarkable participation in the direction of professional associations in our speciality.

We specialize in counselling, prosecution and litigation in trademarks, patents, trade names, slogans, industrial designs, copyright, domain names, enforcement of those rights as well as unfair competition.