Peru trade agreement starts early
Source: Xinhua |
January 6, 2010, Wednesday
|
Print Edition
Print Edition
THE Peru-China Free Trade Agreement will come into force on January 15, earlier than planned, after Peru accelerated the ratification process.
"Initially we had estimated that the free trade agreement would be effective from the first of February," Peruvian Minister of Foreign Trade and Tourism Mercedez Araoz said.
Peru ratified the accord through a supreme decree signed by President Alan Garcia and Foreign Minister Jose Antonio Garcia Belaunde.
"I have talked with the foreign minister. The protocol between China and Peru to propose the date of application of the FTA will be realized this week," Garcia said.
The president said he hoped the FTA would deliver an additional US$800 million worth of exports and imports in trade with China in its first year.
China is Peru's second-largest trading partner, with two-way trade in 2008 reaching US$7.5 billion.
"Initially we had estimated that the free trade agreement would be effective from the first of February," Peruvian Minister of Foreign Trade and Tourism Mercedez Araoz said.
Peru ratified the accord through a supreme decree signed by President Alan Garcia and Foreign Minister Jose Antonio Garcia Belaunde.
"I have talked with the foreign minister. The protocol between China and Peru to propose the date of application of the FTA will be realized this week," Garcia said.
The president said he hoped the FTA would deliver an additional US$800 million worth of exports and imports in trade with China in its first year.
China is Peru's second-largest trading partner, with two-way trade in 2008 reaching US$7.5 billion.
- 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.
