Peru Maintains Poverty Reduction Target Despite Global Uncertainty

Peru’s government said it is maintaining its poverty reduction target despite growing uncertainty about the health of the global economy and its implications for the Andean nation, state news agency Andina reported. “Clearly the international context is limiting, but we have ambitious goals to eradicate extreme poverty and lower monetary poverty below 20 percent, which [...]

Peru, China sign military cooperation agreement

Peru and China have signed an agreement to boost cooperation on military technology and science, according to state news agency Andina. Peruvian Defense Minister Jaime Thorne said Peru has been interested on expanding its military cooperation with China. China’s Vice-President of its Central Military Committee, Xu Caihou, said the agreement is a reflection of the [...]

Bilateral trade with China grows by 43% to reach $10.5 billion in 2010

 In the first year of Peru’s free trade agreement with China, bilateral trade rose by 43.6%, with Peruvian exports worth $5.4 billion and a total of $5.1 billion in imports from China. According to Eduardo Ferreyros, minister of Foreign Trade and Tourism, Peruvian exports to China increased by 33% in 2010 and are expected to [...]

Peru opens trade deal with China and reaches agreement with European Union

A free trade agreement between Peru and China came into force on Monday, 15 months after President Alan García and his Chinese counterpart, Hu Jintao, wrapped up talks to seal the trade deal. The official opening of the trade pact with China comes a day after Peru finalized negotiations for a free trade agreement with [...]

China’s famous Terracotta Army to be displayed in Peru

China’s renowned Terracotta Army will be exhibited in Peru’s capital, Lima, in 2010, China’s ambassador to Peru, Gao Zhengye, told state news agency Andina on Wednesday. “We will exchange exhibits,” said Zhengye. “An important exhibit will travel from China to Peru, and Peru will do the same in Beijing.” The Terracotta Army – considered the [...]

García backs China during violent Tibetan protests

President Alan García concluded his visit to China today by reportedly expressing support for the Chinese crackdown against Buddhist monks in the Tibetan capital Lhasa during the largest protest by ethnic Tibetans against Chinese rule in the Himalayan region since 1989. According to daily El Comercio, García told Chinese Prime Minister Wen Jiabao, “the Peruvian [...]

García promotes objectives to increase relations during China visit

President Alan García laid out 10 objectives to increase relations with China by 2015 during a meeting with his Chinese counterpart Wednesday. The meeting came on the second day of García’s visit to the Asian country and follows official meetings in Japan earlier this week. García told President Hu Jintao of China that increasing economic [...]