Peru-China to Sign FTA Agreement on April 15th

China and Peru will be officially sign their Free Trade Agreement on April 15th, according to this El Comericio article, a Lima based newspaper.

Li Chang Chun Alan Garcia

Jose Garcia Balaunde, Peruvian Minister of Exterior Relations announced the agreement would be signed in the "capital of the Asian giant," his words not mine...

Negociations had been under way for quite some time, concluding on November 19, 2008 during the APEC summit which Peru hosted.

APEC discusses Peruvian initiatives to speed up trade

Xinhua, the Chinese state media giant has reported on Peruvian initiatives to speed up the establishment of a new trade zone of the Asia-Pacific region, as some 100 delegates met in Cusco.



The "Inca Window," for Commercialization of Commodities, a term coined at this meeting in Cusco, describes the major goals of APEC as establishing a institution and order in which the 21 members of the bloc will benefit from

1) Increased efficiency and speed in trade
2) Reduced costs associated with trade
3) A closer and more "functional" relationship between regions/ countries which will thereafter encouarge further levels of exchange and cooperation.

Peru believes that by 2010, a mechanism of "anticipated resolutions" will clarify customs obligations for imports.

Rather abstract statement if you ask me, and one few Chinese readers will have any understanding of what it truly means (in my opinion). However, it is nice to see Peru making Chinese press and thus i'll consider it news worthy considering the focus of this site.

Actions and words being exchanged in Cusco are re-reverberating as far as China... "Cool" no?

Click here to access the full story from Xinhua