Business, Politics

Japan and Peru Consolidate Partnership in the Face of “Winds of Protectionism”

Foreign Affairs ministers Taro Kono of Japan (left) and Nestor Popolizio of Peru, consolidating strategic partnership. Source: Andina

Japan’s Foreign Affairs minister, Taro Kono, was in Lima this week for meetings with his Peruvian counterpart, Nestor Popolizio, to consolidate their “strategic partnership” in free trade and multilateralism.

Popolizio emphasized that both countries wished to reaffirm this commitment in the face of the “winds of protectionism” perceived within the current global context.

Kono visited Peru in 2016 as part of the delegation headed by Japan’s prime minister Shinzo Abe, who met President Pedro Pablo Kuczynski to begin talks on a number of trade issues, including double taxation.

Both countries are members of APEC, the Asia-Pacific economic forum, and of the Trans Pacific Partnership, TPP, which Peru has yet to ratify.   At the same time, Japan is an observer of the Pacific Alliance, established in 2011 by Mexico, Colombia, Peru and Chile, and which now has four candidate countries —Australia, New Zealand, Canada and Singapore.

Japanese investments in Peru are led in mining by Mitsui, Sumitomo and Mitsubishi. The latter is also a 40% partner with Anglo-American in the new development of the $5 billion Quellaveco copper project in Moquegua.

One Comment

  1. Enrique Woll Battistini

    As reported by the CNA in June 2009, “the leaders of the bishops’ conferences of G8 countries called on the world leaders gathering at the G8 Summit in Italy to take ‘concerted action’ to protect the poor and vulnerable of the world during the economic crisis”… But what should “concerted action mean”? Clearly, charity is not enough to release or even crucially stimulate the kind of sine qua non accelerated Development process that this protection so evidently begs. Nine years have gone by, and the sort of partnerships that would lend impulse to this process at this crucial time for the globe have yet to be envisioned and enacted. Lets hope that Japan’s prospective partnership with Peru comes to fruition and soon.

    https : //www. academia.edu/37097436/CNA_-_G8_Bishops_Call_For_Deepening_Partnerships_With_Developing_Countries_-_2009062603

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