Peru’s firms peruse growth in China

China Daily (USA) - - BUSINESS - By JIANG XUEQING jiangx­ue­qing@ chi­

Roberto Var­gas, sales di­rec­tor of Agri­cola Nor­sur, a fruit sup­plier in Peru, made his first visit to the Chi­nese main­land in the hope of in­creas­ing the ex­port of man­darins and blue­ber­ries to China.

“Cur­rently, our com­pany ex­ports around 100 tons of man­darins to China a year, and we hope to in­crease the amount to up to 1,000 met­ric tons next year. I’m also look­ing for­ward to ex­port­ing 1.5 to2mil­lion kilo­grams of blue­ber­ries to China in the next three to four years,” he said. Roberto Var­gas,

As a mem­ber of 25 Peru­vian com­pa­nies, as­so­ci­a­tions and cham­bers of com­merce, his firm at­tended a face-to­face meet­ing with 50 Chi­nese com­pa­nies in Bei­jing on Tues­day, which was or­ga­nized by the Chi­nese govern­ment and Bank ofChina Ltd, to dis­cuss op­por­tu­ni­ties for busi­ness co­op­er­a­tion and in­vest­ment.

Dur­ing his meet­ing with Chi­nese com­pa­nies, the vice-chair­man of China Crop Pro­tec­tion In­dus­try As­so­ci­a­tion ex­pressed her in­ter­est in sell­ing pes­ti­cide to Peru. Var­gas said his com­pany is a huge con­sumer of pes­ti­cide, so it is highly pos­si­ble for him to in­crease busi­ness with Chi­nese com­pa­nies that pro­duce qual­ity pes­ti­cide.

Olivio Huan­car­una Perales, pres­i­dent of Lam­bayeque Cham­ber of Com­merce and Pro­duc­tion, said his top pri­or­ity dur­ing the visit was to seek Chi­nese com­pa­nies’ in­vest­ment in port con­struc­tion in Peru due to their great ad­van­tages in fi­nanc­ing, con­struc­tion and tech­nolo­gies, and to pro­mote ecom­merce trans­ac­tions be­tween the two coun­tries.

Xiao Li­jun, gen­eral man­ager of the prepara­tory team of the BOC’s Peru Rep­re­sen­ta­tive Of­fice, said Chi­nese in­vest­ment in Peru ex­ceeded $14 bil­lion by the end of 2015, and the num­ber of Chi­nese com­pa­nies in the Latin Amer­i­can na­tion reached more than 170.

“Apart from tra­di­tional sec­tors such as en­ergy and min­ing, a grow­ing num­ber of Chi­nese com­pa­nies have shown a great in­ter­est in other Peru­vian in­dus­tries, such as rail­way con­struc­tion, agri­cul­ture, real es­tate and fi­nance. We’re try­ing to help Chi­nese com­pa­nies ex­plore the Peru­vian mar­ket and help China im­port more su­pe­rior prod­ucts from Peru,” he said.

Tian Guoli, chair­man of BOC, said the bank has de­voted great ef­forts to sup­port in­ter­na­tional trade and in­vest­ment co­op­er­a­tion. Ever since 2014, the BOC has or­ga­nized 23 cross-border busi­ness match­mak­ing events for more than 8,000 Chi­nese and for­eign com­pa­nies from 52 coun­tries and re­gions.

Tian said the Chi­nese bank­ing reg­u­la­tor has given BOC per­mis­sion to set up a rep­re­sen­ta­tive of­fice in Peru, and Pe­dro Pablo Kuczyn­ski, pres­i­dent of Peru, said he will rapidly push for­ward the up­grad­ing of the bank’s rep­re­sen­ta­tive of­fice to that of a branch.

Peru is look­ing to pro­mote its in­dus­tri­al­iza­tion through in­fra­struc­ture con­struc­tion and in­vest­ment. Kuczyn­ski said his coun­try is seek­ing co­op­er­a­tion with Chi­nese com­pa­nies to im­port min­ing tech­nolo­gies in high al­ti­tude ar­eas from China and to build a main rail­way line that will in­crease the pop­u­la­tion of Lima, Peru’s cap­i­tal, to 20 mil­lion peo­ple in a few years.

We hope to in­crease the amount (of fruit ex­ports) to up to 1,000 tons...” sales di­rec­tor of Agri­cola Nor­sur

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