Peru’s new government, led by President Keiko Fujimori, has announced its intention to bring a free-trade agreement with Hong Kong into force before the end of the year. Prime Minister Luis Galarreta confirmed this commitment during an address to lawmakers on Thursday, framing the move as a strategic effort to establish Peru as a primary commercial bridge between South American markets and the Asia-Pacific region.

While the administration emphasized its commitment to commercial openness as a core state policy, the government’s initial policy program notably omitted direct references to mainland China. This silence has drawn attention because of the significant Chinese investment in the Chancay megaport, a project that is central to Peru's infrastructure and trade ambitions. The government has not yet provided a formal explanation for the absence of mainland China in its primary policy documentation, leaving analysts to speculate on the administration's diplomatic priorities regarding its largest trading partner versus its new trade agreements with Hong Kong.