Peru strengthens ties with Japan, Thailand, Uruguay and Denmark

Peru’s President Alan Garcia received yesterday the credentials of the newly arrived ambassadors of Japan, Thailand, Uruguay and Denmark and reaffirmed the government’s commitment to boost the economic and trade ties with these countries. In a ceremony held at the Government Palace, President Garcia received the credentials of the ambassadors of Thailand, Udomphol Ninnad; Uruguay, Juan José Arteaga; Japan, Shuichiro Megata; and Denmark, Charlotte Slente. First, Peru’s president received credentials from Thailand’s ambassador Udomphol Ninnad and expressed his commitment to work in the strengthening bilateral relations. Garcia also invited Thai businessmen to get to know the Peruvian market and invest in the different sectors that its economy offers. (ANDINA – click here to read complete article)

Peru-Korea FTA feasibility study well on track

A joint feasibility study examining a possible free trade deal between Peru and Korea will be finished by the second quarter of the year, announced the Korean ambassador to Peru, Hahn Young-Hee. He said Korea was very interested in having a trade agreement with Peru not only for its great number of natural resources but for its strategic geographic location in the center of South America, which will provide Korean investors with better access to this continent. Hahn Young-Hee added that the main Peruvian products exported to Korea were mineral, agricultural and fish products; while the main Peruvian imports from Korea included electronic devices, chemical products and vehicles, among others. “Without a doubt, Korea would play a key role in encouraging the expansion of Peruvian exports into the Asian market. The Peruvian fishing and mining sectors have high levels of competitiveness in the international market”, he pointed out. (ANDINA – click here read complete article)

Peru, Japan to study possible FTA next year

Peru’s vice-minister of Foreign Trade, Eduardo Ferreyros, said that the feasibility studies for a Free Trade Agreement (FTA) between Peru and Japan would begin next year. Peru and the Central American countries will also undertake feasibility studies for a bilateral FTA which, is to begin earlier next year. “Next year, we will initiate joint feasibility studies for possible free-trade deals with Japan and the Central American countries”, he said. Ferreyros added that the Ministry of Foreign Trade and Tourism (MINCETUR) expected to launch negotiations for trade deals with Korea and Australia in 2009. “Regarding other trade deals, the second round of negotiations with China will be held next week and we will also attend the fourth round of negotiations with the countries of the European Free Trade Association (EFTA) to take place in Bogotá (Colombia)”, he said on a national radio program. (ANDINA – click here to read complete article)