The Government of the Republic of Peru and the Government of the People's Republic of China (hereinafter referred to as Contracting Parties),

Intending to create favorable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party,

Recognizing that the reciprocal encouragement, promotion and protection of such investments will be conducive to stimulating business initiative of the investors and will increase prosperity in both States,

Desiring to intensify the economic cooperation of both States on the basis of equality and mutual benefits,

Have agreed as follows: