Living in Peru : your everyday companion

(LIP-jl) -- Conversations between Peru and emerging power China are scheduled to be held sometime between August or September of this year. According to Peru's Minister of Foreign Trade and Tourism, Mercedes Araoz, once the feasibility studies are completed, both nations will begin their part to work on a fair and effective deal.

Economic specialists from the Andean nation and China got together in Peking last May 14 and 15 to outline the exact responsibilities of the bi-national committee that is conducting the feasibility study for the two nations.

"The parameters we have already agreed on for the feasibility study are solid and will last approximately one month," said Araoz.

The feasibility study is comprised of subjects that will establish the direction of the future negotiations.

According to Araoz, the potential free trade agreement with China will bring 'unimaginable' opportunities to the Peruvian market.

"China's economy is growing at an annual rate of over 10% thanks to its strong industries which have been performing very well," sustained Araoz.