peru china enjoy stronger trade ties
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Peru, China enjoy stronger trade ties

Arab Today, arab today

Arab Today, arab today Peru, China enjoy stronger trade ties

Lima - Xinhua

Trade relations between Peru and China saw continuous strengthening in the past years, as mutual interests and benefit created a stronger flow of investment and trade between both sides. China-Latin America trade amounted to 180 billion U.S. dollars in 2010, a 50-percent increase year on year. Bilateral trade between Peru and China stands at over 10 billion dollars as of now, while investments by Chinese companies in Peru are close to 1.2 billion dollars, according to the Peruvian Chinese Chamber of Commerce. Peruvian exports to China reached 5.426 billion dollars in 2010 and that is just "the beginning of very promising relations," which will be extended over the next years, aided by the 2009 free trade agreement between China and Peru, Peru's Deputy Industry Minister Julio Guzman told Xinhua. The trade deal has created "great expectations" with Peruvian businessmen, as the manufacturing in Peru saw the new trade ties with China as particularly beneficial and a win-win situation for both countries, he said. Though most of the products sent to China are raw materials, such as mining and agribusiness products, there is still "ample room" inspired by the agreement to expand the export base into other sectors, he said. "From the step we have taken with the free trade agreement, we are going to strengthen our relations in other areas, such as international cooperation, technical assistance and investment, and we look forward to diversifying exports of value added products," he said. In the last few years, China has surpassed the United States to become the main international purchaser of Peruvian products, Jose Rosas, General Manager of Lima Chamber of Commerce, said. Rosas said Peru now is working on both the diplomatic and commercial levels with China to ensure Peru's agricultural products are exported to China and take the full advantage of the free trade agreement. The products from the Chinese automotive industry "now are massively entering the Peruvian market," and earned a higher recognition in Peru. The Chamber has established many inter-institutional cooperation agreements with trade unions and other business organizations in Shanghai, Beijing and Guangdong. With regard to the tourism sector, Rosas said Peru also needs to make adjustments to create a direct airline route between Peru and China in order to attract more tourists, while Peru also needs to consider the use of maritime transportation. China and Latin America, including Peru, are complementary in trade. China mainly exports to Latin America manufactured products such as computers, telecommunication equipment, clothes, shoes, electronic products, motor bikes and motors, while the main exports from Latin America to China are raw materials including minerals.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

peru china enjoy stronger trade ties peru china enjoy stronger trade ties

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

peru china enjoy stronger trade ties peru china enjoy stronger trade ties

 



GMT 09:27 2017 Monday ,13 February

Wahat Al Karama opens doors to public

GMT 03:42 2017 Sunday ,07 May

Kanye West exits social media

GMT 10:22 2017 Tuesday ,31 October

China agency denies dead model

GMT 14:57 2017 Monday ,30 October

NATO chief calls N. Korea 'global threat'

GMT 04:22 2018 Thursday ,20 September

German Pavilion to engage, inspire at Expo 2020

GMT 21:51 2016 Tuesday ,06 September

Darfur celebrates end of transitional authority

GMT 10:43 2014 Saturday ,31 May

Wonderful boys bedrooms interior design

GMT 07:45 2016 Monday ,22 August

Anti-Israel military parade staged in S Gaza strip

GMT 16:48 2017 Monday ,11 September

Arab actors managed to overcome challenge of addiction

GMT 10:59 2016 Tuesday ,01 November

China aircraft market to hit nearly $1tn in 20 years
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday