China-Peru FTA now operational
Source: Xinhua |
March 2, 2010, Tuesday
|
Print Edition
Print Edition
THE China-Peru Free Trade Agreement took effect yesterday, China's Ministry of Commerce announced.
"The pact is a comprehensive deal and features a high degree of openness. The pact would further promote bilateral economic development and friendly cooperation," the ministry said on its Website yesterday.
Under the FTA, 90 percent of goods would be tariff free in several phases, ranging from China's light industry, electronic, automobile, chemical and machinery products to Peru's fish powder, fruits and minerals.
The two nations eyed closer cooperation in areas including agriculture, mining, express mail, tourism as well as expanding mutual investment.
Bilateral trade hit US$7.5 billion in 2008, up 24 percent from 2007, Customs data showed.
The FTA is China's second with a Latin American country, after the one with Chile in 2005.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
