China, Peru recom­mit to ex­pand­ing trade links

Pres­i­dent says na­tions should con­tinue to im­prove en­ergy, min­ing co­op­er­a­tion

China Daily (USA) - - TOP NEWS - By QIN JIZE and MOJINGXI Con­tact the writ­ers at qin­jize@chi­

China and Peru have re­newed their com­mit­ment to strength­en­ing trade links as the Latin Amer­i­can na­tion’s leader seeks fur­ther in­vest­ment op­por­tu­ni­ties in the world’s sec­ond-largest econ­omy.

Meet­ing with his Peru­vian coun­ter­part Pe­dro Pablo Kuczyn­ski on Tues­day, Pres­i­dent Xi Jin­ping said the two na­tions should con­tinue to en­hance co­op­er­a­tion in en­ergy, min­ing and in­fra­struc­ture con­struc­tion and bol­ster a free trade agree­ment that was im­ple­mented in 2010.

Kuczyn­ski, the 78-year-old for­mer min­is­ter of min­er­als and econ­omy, chose China as his first over­seas trip after win­ning June’s pres­i­den­tial elec­tion.

He told Xi the rea­son for this is that he ad­mires China’s ef­forts to make it­self the largest in­dus­trial coun­try and a key player in in­ter­na­tional af­fairs. He also wants to open the min­er­als and in­fra­struc­ture mar­kets wider to Chi­nese in­vestors and en­cour­age more Chi­nese tourists to visit Peru.

Kuczyn­ski also in­vited Xi to at­tend the Asia Pa­cific Eco­nomic Co­op­er­a­tion In­for­mal Lead­ers’ meet­ing in Lima in Novem­ber. Peru­vian me­dia re­ports said Kuczyn­ski be­lieves that a per­sonal in­vi­ta­tion— fol­low­ing Asian tra­di­tion —is cour­te­ous and more ap­pro­pri­ate.

Kuczyn­ski told Peru’s RPP ra­dio sta­tion, “The trip to China is highly im­por­tant for both sym­bolic and eco­nomic rea­sons.”

Ac­com­pa­nied by four min­is­ters and more than a dozen busi­ness lead­ers, Kuczyn­ski is sched­uled to hold a se­ries of meet­ings with ma­jor Chi­nese en­trepreneurs to seek more op­por­tu­ni­ties for co­op­er­a­tion.

After their meet­ing, Xi and Kuczyn­ski over­saw the sign­ing of three agree­ments that in­cluded co­op­er­a­tion

The trip to China is highly im­por­tant for both sym­bolic and eco­nomic rea­sons.” Pe­dro Pablo Kuczyn­ski, pres­i­dent of Peru

on broad­cast­ing and es­tab­lish­ing a cul­tural cen­ter in each coun­try.

Xu Shicheng, a se­nior re­searcher of Latin Amer­i­can stud­ies at the Chi­nese Acad­emy of So­cial Sciences, said Kuczyn­ski’s visit un­der­scores China’s grow­ing ties with Peru.

“Bi­lat­eral trade and in­vest­ment have made rapid progress in re­cent years, es­pe­cially in­vest­ment from China,” he said, adding that the trip shows the im­por­tance of China in Peru’s eco­nomic de­vel­op­ment.

China is Peru’s largest trad­ing part­ner and ma­jor in­vestor in the min­ing sec­tor. Last year, bi­lat­eral trade ex­ceeded $16 bil­lion and Chi­nese in­vest­ment in min­eral in­dus­tries reached $19 bil­lion, ac­cord­ing to the Peru­vian For­eign Min­istry.

Wang Zhen, a re­searcher of Latin Amer­i­can stud­ies at the China Foun­da­tion for In­ter­na­tional Stud­ies, said the APEC in­vi­ta­tion shows that both the pres­i­dent and the new Peru­vian govern­ment highly value China’s par­tic­i­pa­tion in this meet­ing and the im­por­tant role China plays in APEC.

Kuczyn­ski’s five-day visit will end on Fri­day in Shang­hai, after which he will head to the United States to at­tend the 71st ses­sion of the UN Gen­eral Assem­bly.

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