China, Peru take steps to up­grade free trade

Dur­ing a state visit, Pres­i­dent Xi says China will en­cour­age its busi­ness giants to in­vest in the South Amer­i­can na­tion

China Daily (USA) - - XI’S VISIT - By AN BAIJIE in Lima, Peru an­bai­jie@chi­nadaily.com.cn

China and Peru signed a num­ber of co­op­er­a­tive doc­u­ments on Mon­day as the two coun­tries look to up­grade their free-trade agree­ment dur­ing Pres­i­dent Xi Jin­ping’s state visit.

The sign­ings of the agree­ments and mem­o­ran­dums of un­der­stand­ing (MOU) were wit­nessed by Xi and Peru’s Pres­i­dent Pe­dro Pablo Kuczyn­ski. The two coun­tries agreed to en­hance co­op­er­a­tion in ar­eas in­clud­ing en­ergy, trade, min­eral, fi­nance, in­dus­trial park and in­fras­truc­ture.

Ac­cord­ing to the doc­u­ments, China agreed to as­sist with equip­ment for an arche­o­log­i­cal mu­seum in Lima.

While talk­ing with Kuczyn­ski, Xi said that the two coun­tries should make full use of pro­duc­tion ca­pac­ity co­op­er­a­tion as a new en­gine for bi­lat­eral eco­nomic and trade growth.

The Chi­nese gov­ern­ment will con­tinue to en­cour­age Chi­nese busi­ness giants to in­vest in Peru, Xi said, adding that the two coun­tries should ex­plore new co­op­er­a­tive ar­eas such as en­vi­ron­men­tal protection, clean en­ergy and in­for­ma­tion in­ter­con­nec­tion.

Xi also con­grat­u­lated Peru for suc­cess­fully host­ing the APEC Eco­nomic Lead­ers’ Meet­ing over the week­end, which could in­ject new im­pe­tus into the eco­nomic de­vel­op­ment of the Asia-Pa­cific re­gion.

Kuczyn­ski said that Peru wel­comed China’s in­vest­ment in ar­eas in­clud­ing min­er­als, en­ergy, hy­dropower, traf­fic and in­fras­truc­ture.

Peru would like to make

Two-way trade be­tween the two coun­tries reached about $7.2 bil­lion in the first half of this year, up 10.7 per­cent year on year.

a joint ef­fort with China to up­grade the bi­lat­eral free trade agree­ment, he added.

Xi’s state visit to Peru came only about two months af­ter Kuczyn­ski, who was sworn in on July 28, made his first for­eign visit to China.

On Mon­day, Xi and Kuczyn­ski also at­tended the clos­ing cer­e­mony of the China-Latin Amer­ica and Caribbean 2016 Year of Cul­ture Ex­change.

This year marks the 45th an­niver­sary of diplo­matic ties be­tween China and Peru. The two coun­tries signed a free-trade agree­ment in 2009. China is now Peru’s biggest trade part­ner, ex­port mar­ket and source of im­ports, while Peru is China’s sixth-largest trade part­ner in Latin Amer­ica.

Two-way trade be­tween the two coun­tries reached about $7.2 bil­lion in the first half of this year, up 10.7 per­cent year on year, ac­cord­ing to Chi­nese of­fi­cial sta­tis­tics.

The two coun­tries have main­tained close cul­tural and ed­u­ca­tional ex­changes. To date, four Con­fu­cius In­sti­tutes have been es­tab­lished in Peru.

GUADALUPE PARDO / REUTERS

Pres­i­dent Xi Jin­ping and Peru’s Pres­i­dent Pe­dro Pablo Kuczyn­ski shake hands at the pres­i­den­tial palace in Lima, Peru on Mon­day.

GUADALUPE PARDO / REUTERS

Pres­i­dent Xi Jin­ping ar­rives at the pres­i­den­tial palace in Lima, Peru on Mon­day.

XIN­HUA

Stu­dents of Cole­gio Peru­ano Chino Juan XXIII prac­tice Chi­nese cal­lig­ra­phy and write pengyou (friend in Chi­nese) as first lady Peng Liyuan praises the stu­dents’ work. She talked to them about Chi­nese cal­lig­ra­phy. Peng also said learn­ing cal­lig­ra­phy re­quires per­se­ver­ance and daily prac­tice.

GUADALUPE PARDO / REUTERS

Pres­i­dent Xi and his wife Peng Liyuan lis­ten to the Peru­vian na­tional an­them with Peru’s Pres­i­dent Kuczyn­ski and his wife Nancy Lange out­side the pres­i­den­tial palace in Lima on Mon­day.

ERNESTO BE­NA­VIDES / AFP

Pres­i­dent Xi is re­ceived at the Peru­vian Congress for a cer­e­mony in Lima on Mon­day dur­ing an of­fi­cial visit fol­low­ing the APEC sum­mit.

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