Peru and Chile to form binational commission to offset global financial crisis

Peru and Chile are to form a binational commission to examine and define measures and economic policies necessary to weather the global financial crisis, said Peru’s President Alan García.

“We have the obligation to exchange our points of view and study, via a binational commission, the measures that will allow us to face this serious crisis,” said García during the unveiling ceremony of a bust of Bernardo O’Higgins, Chilean hero and a key player in Peru’s independence from Spain, in Government Palace in Lima Friday morning.

“We must defend our peoples, their employment, their (living) conditions, and well-being,” said García.

According to Chilean Senator Juan Pablo Letelier, the commission’s first meeting is to be held in Antofagasta, during the first week of December.

Though both our countries are well prepared to face the crisis, said Letelier, both governments have the obligation to take measures that will ensure that their interests share a “common vision.”

“This is a very important step toward the consolidation of Peruvian and Chilean democracy,” said Adolfo Saldívar, president of the Chilean Senate.

“During the APEC Summit, we have to see how we will coordinate to overcome a series of common challenges,” said Saldívar. “The Chilean parliamentary delegation’s visit to Peru is proof of this will to face these common challenges together.”

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