Negotiations with China are due before July


Vice Minister of External Commerce, Pablo de La Flor, stated that Peru had not participated in any of the 176 commercial treaties signed between 1948 and 2004. The Vice Minister assured that Peru’s poor commercial insight has decreased significantly. Pablo de La Flor confirms that the export rates per capita will increase from US$615 to US$1.200 due to new treaties scheduled for the next 4 years.
Samuel Gleiser (President of the Exterior Commerce Committee) showed his concern regarding China, who in some cases has shown to be more of a rival than a partner. Opening the market to China could mean significant chaos in areas such as Gamarra. He ended his debate by stating that 93% of goods sold at Ripley and Saga are imported from China and Bangladesh. Pablo de La Flor assured that there is nothing to be feared from China.