Latin America – China Summit to Create $100 Million in Business Deals

The Fifth Latin American – China Business Summit  to be held November 21 to 22 in Lima is expected to create deals worth more than $100 million, an industry official said Friday.

The general manager of the Lima Chamber of Commerce, Jose Rosas, said some 2,000 meetings will be held between various businesses from across the region and China, state news agency Andina reported.

Peru’s Foreign Affairs Ministry said that more than 1,000 businesses from China and Latin America, including many Peruvian companies, will participate in the summit.

The general director of Economic Promotion at the ministry, Jaime Pomareda, said the event is requiring an investment of about $350,000.

The first day of the summit will involve a business forum organized by the Foreign Trade Society, ComexPeru, and the second day will include a business conference and meetings between bilateral chambers, Pomareda said.

Peru’s state agency in charge of promoting private investments, ProInversion, is also slated to hold a breakfast for participants.

In 2010, China became Peru’s biggest trade partner. The Asian country is the world’s biggest consumer of metals, while Peru is one of the world’s top producers of copper, zinc, lead and other minerals.

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