Diplo­mat says raft of agree­ments set to be signed

China Daily (USA) - - XI’S VISIT - By MO­JINGXI mo­jingxi@chi­nadaily.com.cn

China and Peru will sign a se­ries of agree­ments in the fields of tech­nol­ogy trans­fer, in­vest­ment and peo­pleto-peo­ple ex­changes dur­ing Pres­i­dent Xi Jin­ping’s visit to the South Amer­i­can coun­try, ac­cord­ing to the Peru­vian am­bas­sador to China.

Juan Car­los Ca­punay said the coun­tries have se­lected 18 pri­or­ity projects cov­er­ing en­ergy, min­ing, in­fra­struc­ture and ca­pac­ity pro­duc­tion, with a to­tal in­vest­ment of over $25 bil­lion.

“Some projects are on­go­ing, some will be signed dur­ing Xi’s visit, and oth­ers are still in the process of dis­cus­sion,” he said.

Among the deals likely to be signed is one for in­dus­trial park project that in­cludes con­struc­tion of a road, a re­fin­ery and a port in south­ern Peru, which rep­re­sents the new kind of re­la­tion­ship Peru wants to es­tab­lish with China, Ca­punay said.

Co­op­er­a­tion was also a ma­jor topic for Peru­vian Pres­i­dent Pe­dro Pablo Kuczyn­ski when he vis­ited China in Septem­ber, just over a month af­ter he took of­fice.

“It’s very un­usual,” Ca­punay said re­fer­ring to the tim­ing of the visit. “It usu­ally takes at least 100 days for the pres­i­dent to visit overseas. ... It shows how im­por­tant China is for us.”

China is Peru’s largest trad­ing part­ner and an im­por­tant source of in­vest­ment. Last year, bi­lat­eral trade reached $14.47 bil­lion, ac­cord­ing to data from the Chi­nese For­eign Min­istry.

Mean­while, more than 170 Chi­nese com­pa­nies have es­tab­lished a pres­ence in Peru, with a to­tal in­vest­ment of more than $14 bil­lion.

The am­bas­sador said his coun­try is open to fur­ther Chi­nese in­vest­ment. While

Peru and China have very good his­tor­i­cal links and a re­al­is­tic present, which guar­an­tees us a promis­ing fu­ture in re­la­tions.”

Juan Car­los Ca­punay, Peru­vian am­bas­sador to China

in­vestors can ben­e­fit from the free trade agree­ments Peru has signed with other coun­tries and re­gions, in­clud­ing North Amer­ica, the Euro­pean Union, Sin­ga­pore and Ja­pan, they can also “act like a lo­cal in­vestor”, Ca­punay said, ex­plain­ing, “They can have ac­cess to lo­cal banks for loans and can in­vest in the stock mar­ket.”

Peru has the largest Chi­nese com­mu­nity in Latin Amer­ica, with 10 per­cent (about 3 mil­lion) of its pop­u­la­tion hav­ing Chi­nese ori­gins.

There are many Chi­nese restau­rants in Peru, while the largest do­mes­tic su­per­mar­ket is owned by a Chi­nese fam­ily sur­named Wong.

“Peru and China have very good his­tor­i­cal links and a re­al­is­tic present, which guar­an­tees us a promis­ing fu­ture in re­la­tions,” Ca­punay said.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.