Brazilians eye Peru as platform for growing ties to Asia

South America’s biggest nation, Brazil, is eyeing Peru as a strong partner to establish ties with economies in the Asia-Pacific Economic Cooperation, or Apec, the president of the Peru and Brazil Chamber of Commerce and Integration, Miguel Vega, said Wednesday. “Brazilian investments are very interested that Peru become an industrial platform for the Pacific, especially [...]

Garcia to announce closing of FTA agreements with Japan and South Korea

President Alan Garcia is expected to announce the closing of free trade talks with Japan and South Korea during his trip this week to Asia, to join the APEC Leaders’ Week in Yokohama of the Asia-Pacific Economic Cooperation, state news agency Andina reported. Peru has completed negotiations for the FTA with both countries and is awaiting legal revision [...]

Peru President Garcia visits Tokyo and Seoul en route to Singapore for APEC Forum

President Alan Garcia met South Korea’s President Lee Muyng-Bank Wednesday for protocol ceremonies at the presidential palace of Cheong Wa Dae, during his first day in Seoul.  

APEC Tourism Workshop opens in Cusco against backdrop of endangered sites

Peru’s minister of Foreign Trade and Tourism, Martín Pérez, opened the 35th Asia Pacific Economic Cooperation’s Working Group meeting Thursday in Cusco. The meeting is being held in the Sacred Valley, with 85 representatives attending from 21 APEC nations. The APEC forum accounts for 50 percent of the world’s Gross Domestic Product.

Peru to host Third Summit of Arab-South American Countries in 2011

Peru will host the third edition of the Arab-South American Countries Summit in 2011, reported the Andean country’s Foreign Affairs Ministry. The decision was ratified on Wednesday by leaders and senior officials currently attending the Second Summit of Arab-South American Countries which opened in Qatar’s capital city, Doha, on Tuesday. The summit seeks to construct [...]

President Alan García rolls out $3.2 billion emergency package to cushion Peru from global financial crisis

Peru President Alan García announced Monday an emergency $3.2 billion anti-crisis package, which includes measures such as increased spending on infrastructure, just weeks after he said Peru was quasi immune to the global financial downturn he referred to as a simple “growth crisis” that could be resolved within the next 18 months. In a press [...]

Peruvian pisco exports up 48 percent since last year, surpassing Chile

Peruvian pisco, a grape brandy born in the fertile Peruvian desert more than four centuries ago, has maintained its comparative advantage over the Chilean brand, as sales abroad have shot up by 48 percent since last year, surpassing $1 million, reported Adex Data Trade, Peru’s export association. Peruvian pisco exports have largely surpassed Chilean exports, [...]

Peru’s Alan García and Russian President Dmitry Medvedev sign a series of bilateral agreements, military cooperation with Russia strengthened

Peru President Alan García met Monday with his Russian counterpart, Dmitry Anatolyevich Medvedev, to exchange views on international and regional matters of mutual interest as well as tick off a series of bilateral agreements in Lima’s Government Palace, on the heels of the Asia-Pacific Cooperation Summit, or APEC.

Peru rolls out red carpet: U.S., Canadian and South Korean presidents land in Lima for APEC Leaders’ Summit

Amid tight security, U.S. President George W. Bush — on what will likely be his final foreign mission before leaving office — landed in Peru Friday.

APEC members expected to echo G20 pledge to stabilize international financial system by pushing for more free trade and less protectionism

Days after the 20 largest economies pledged action to withstand financial turmoil during crisis talks in Washington, world leaders gathered in the Peruvian capital of Lima this week for the Asia-Pacific Economic Cooperation Summit, or APEC, are expected to build on and broaden the G20 strategy. “APEC is the best anti-crisis tool the world has,” [...]

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