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Peruvians anticipate opportunities, stronger bilateral ties following Xi's visit

China

China

China

Peruvians anticipate opportunities, stronger bilateral ties following Xi's visit

2024-11-14 10:26 Last Updated At:16:27

Peruvians from various social sectors are anticipating more development opportunities and stronger ties with China following Chinese President Xi Jinping's state visit.

President Xi is scheduled to attend the 31st APEC Economic Leaders' Meeting in the Peruvian capital Lima, the 19th G20 Summit in the Brazilian city of Rio de Janeiro, and pay a state visit to Peru and Brazil, respectively, from Nov 13 to 21.

"Just as I said, the ties between China and Peru have a long history. China is our main trading partner. We will continue our effort in providing policy support to give the EV industry a traction. There is no doubt that Chinese enterprises are industry leaders. We believe Chinese President Xi Jinping's visit will boost relations between the two countries," said Raul Perez-Reyes, Minister of transport and communications of Peru.

Peruvian officials and economists believe that the visit will bring the comprehensive strategic partnership between the two countries to a new height.

"For us, the relationship with China it is important. We can not only establish significant connections on economic and regional levels but also promote our country's development. President Xi Jinping's visit can strengthen our economic ties, as well as educational exchanges," said Ernesto Bustamante, member of Peruvian Parliament.

"China has made great contributions to the development of Peru. Firstly, China purchases products from us. Secondly, China has provided us with many affordable products such as smart phones and cars, which have improved the living standards of many people," said Carlos Aquino Rodriguez, a professor of International Economics, Asian Economies, San Marcos National University.

Peruvians anticipate opportunities, stronger bilateral ties following Xi's visit

Peruvians anticipate opportunities, stronger bilateral ties following Xi's visit

Peruvians anticipate opportunities, stronger bilateral ties following Xi's visit

Peruvians anticipate opportunities, stronger bilateral ties following Xi's visit

Peruvians anticipate opportunities, stronger bilateral ties following Xi's visit

Peruvians anticipate opportunities, stronger bilateral ties following Xi's visit

One month since the launch of special customs operations in south China's entire Hainan Free Trade Port (FTP), local customs have introduced smart regulatory models to streamline customs clearance procedures and attract more global businesses.

Customs officials from the Yangpu Port, a key regulatory area within the FTP covering the whole southern island, shared their efforts.

"The Yangpu Port has fully implemented contactless clearance and integrated document services across all terminals, significantly expediting procedures for vessels and crews. Overall customs processing time has been reduced by 30 percent. Low-risk vessels can begin operations immediately upon docking, with inspection for one vessel completed within 30 minutes. Bonded fuel refueling ships enjoy a 'refuel-and-go' policy, saving an average of six hours and around 60,000 yuan (about 8,610 U.S. dollars) per vessel, enabling efficient 'work-upon-arrival, depart-without-delay' operations. Officers provide 24-hours/seven on-site support, allowing crews to complete formalities right after disembarking. The port also promotes paperless online processing and offers prioritized clearance for bulk carriers, further cutting time and costs for businesses while advancing the use of smart border inspection technologies," said Xie Feng, director of the Border Inspection Department under the Yangpu Entry-Exit Border Inspection Station.

In addition, the Yangpu Customs has also introduced smart systems for higher efficiency, and reduced the number of declaration items to less than one-third.

"Our Smart Customs Supervision Platform officially commenced operations in March 2025. The platform enables a closed-loop customs supervision process, covering everything from cargo retrieval in terminal operating systems and loading onto vehicles to the verification of outbound shipment information. Following the implementation [launch] of the island-wide special customs operations in the Hainan Free Trade Port, we will also implement a direct release policy for imported zero-tariff goods and bonded goods that are not subject to inspection, quarantine, or licensing controls. The number of declaration items has been streamlined from 105 to 33, to help foreign trade enterprises lower costs and enhance efficiency," said Xu Yiheng, chief of the Third Comprehensive Business Section of the Comprehensive Business Department, the Yangpu Customs.

The measures, alongside governmental favorable policies, has yield solid results, with the Yangpu Port seeing a 35.6 percent year-on-year increase in the number of inbound and outbound vessels and a 28 percent rise in personnel flow between Dec 18, 2025 and Jan 17, 2026.

On a larger scale, the Haikou Customs in Hainan reported that in the past month, the value of zero-tariff goods imported through the "first line" reached 750 million yuan (about 107 million U.S. dollars), while processed and value-added goods sold domestically through the "second line" totaled about 85.9 million yuan.

The "first line" denotes Hainan's connection to overseas markets, while the "second line" represents the customs boundary between the tropical island province and China's mainland.

This two-tiered special customs system features "freer access at the first line", facilitating trade between Hainan and areas beyond China's customs borders, and "regulated access at the second line", which involves standard customs controls for the Chinese mainland.

The island also attracted over 5,000 new foreign trade enterprises to register in the month, bringing the total to more than 100,000.

Streamlined customs clearance in south China's Hainan FTP lowers cost for global trade

Streamlined customs clearance in south China's Hainan FTP lowers cost for global trade

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