The idea of such a trade agreement was first formally proposed by the Peruvian Minister of Trade , Mercedes Aráoz , to her Chinese counterpart , Bo Xilai , on November 18 , 2006 during the 2006 APEC summit . On February 2007 , both ministers agreed to the realization of a feasibility study , which was successfully completed six months later . On September 7 , 2007 , during the 2007 APEC summit , the presidents of China , Hu Jintao , and Peru , Alan García announced the formal start of negotiations . The first round of negotiations was carried out in Lima between January 20 and January 23 , 2008 ; the second round took place in Beijing between March 3 and March 7 of the same year . The third round was carried out in May , also in Beijing . On November 19 , 2008 , President Alan Garcia announced that both sides have concluded trade pact talks and that the deal would be signed in the coming months
2007 APEC summit
APEC Australia 2007
China–Peru Free Trade Agreement